In the lead up to the Tokyo Game Show, Sony has revealed a new version of the PS Vita that comes in different colours and features on-board storage.
Like the PSP before it, Sony has also made the new console 20 per cent slimmer and 15 per cent lighter whilst increasing the battery by an extra hour.
Interestingly, the company has also produced what it calls a PlayStation Vita TV. This is a new console that uses the same hardware as the Vita but plugs into your TV and can be operated using a Dual Shock 3 controller.
Coming in at roughly $100 (£64), if the PlayStation Vita TV console is launched in the UK (Sony hasn't revealed yet if it will be sold outside of Japan) it would provide a cheaper alternative to the PS4 and bring the fight to budget-based Android consoles like Ouya.
It will also arrive with a back catalogue of all the PSP and PSone games that Sony has loaded onto the PlayStation Network - around 1,300 games - although some PS Vita games may be unsupported due to their reliance on a touchscreen.
The company has also said that a future update will allow the PlayStation Vita TV console to stream PS4 games from another room in the house.
Like the PlayStation Vita TV console, the new PS Vita will arrive in Japan first, with an on-sale date of October 10 for 18,980 Yen (£120).
Sony hasn't revealed when it will be bringing the new Vita to these shores, but given how fond we were of the first one, we hope it's sooner rather than later.