PlayStation Vita launching globally by end of 2011, starting at $249.99

Sony's own worst-kept secret before E3 has finally been confirmed. SCE boss Kazuo Hirai has announced that the Sony Next Generation Portable--the PSP successor--will be named the PlayStation Vita. The name of the system had previously leaked.

PS Vita will launch globally by the end of 2011 and be priced at $249.99 for the Wi-Fi-only handheld, while the 3G-enabled system will be priced at $299.99.

Sony also revealed that it will partner with AT&T as the exclusive mobile service provider in America for 3G service on the PS Vita. The announcement drew laughs from the crowd after AT&T was called the "fastest" network in America by Hirai.

Hirai also reiterated a number of announcements that had previously been made.