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Yes, we are on the cusp of a new generation of home video game consoles. The PlayStation 4 and the Xbox One will surely be popular items this holiday shopping season, but they also cost $399 and $499, respectively. For the casual gamer, that could be too big of an investment, but Sony’s got a more affordable option up its sleeve. Formally announced at the Sony press conference ahead of the Tokyo Game Show, the PlayStation Vita TV is set to retail for just $99.

Based on the name, you’d think that the PS Vita TV would be a box that could compete against the Rokus and Apple TVs of the world and while it can handle streaming services like Hulu, it’s also a full-fledged gaming console. It connects to your TV via HDMI and to your network via Ethernet (it presumably also has Wi-Fi), but it also has slots for Vita cartridges and memory cards. In this way, it’s the non-portable version of the PS Vita. Controls are handled via the DualShock 3 at time of launch, but they’ll update it to support DualShock 4 controllers at a future date.

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The Vita TV can play almost anything your PlayStation Vita can play, including about 100 Vita titles, plus PSP, PS1 and other PSN titles. And let’s not overlook just how small this thing is, measuring a mere 6.5 x 10.5 cm. Given the big PlayStation name and true native controller support, the PlayStation Vita TV at $99 sounds like it’s going to destroy alternatives like the $99 Ouya. One hurdle, though, si that they’ve only announced availability in Japan (November 14), so we don’t know when (and if) it’ll head over to North America.

And a huge added bonus? The PS Vita TV can stream games from your PS4. If the living room TV with the PS4 is occupied, you can stream those PS4 games to another TV in your home via the PS Vita TV. That’s pretty handy in family or shared living room situations.

http://www.youtube.com/watch?v=rG5l78gbvpU

http://www.youtube.com/watch?v=VWplhhktgqs

Via BGR

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