Kazuo Hirai, second-in-command at Sony, introduced the company's next generation portable gaming machine, PlayStation Vita at E3. (Chris Weeks/AP IMAGES FOR SONY COMPUTER ENTERTAINMENT AMERICA)

As for the rest of the world...well, we’ll just have to wait until some unspecified time next year.

A WiFi-only model of the Vita will cost 29,980 yen (about $390) and a 3G/WiFi hybrid will be about $324. In Japan, carrier NTT DoCoMo will charge for its 3G network use, PCWorld reported.

In the U.S., the Vita will retail for $249 for the WiFi version and $299 for the 3G version. Sony and AT&T announced that they will partner for 3G coverage in the U.S.

While more than 100 games are currently in development for the handheld, Sony said only 26 will launch with the handset — and few of those are big titles. Uncharted: Golden Abyss and Ultimate Marvel vs. Capcom 3 are two titles that will debut with the device, while other big name franchises such as Metal Gear Solid and Final Fantasy are also on board for future games.

The Vita will use proprietary memory cards that start at $25 for 4GB and go up to about $100 for 32 GB.

The new handheld, sports a 5-inch multitouch screen, a rear touch pad and two analog sticks, in addition to the normal PlayStation controls.

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