Today, Sony announced that it will be launching the Playstation Vita TV later this year in Japan.
The Playstation Vita TV will essentially be a set top box that will be able to stream movies and tv shows, but will add gaming to the formula. With the use of a PS3 Dual Shock controller, you can play PS Vita, PS One and PSP games. You are limited to the games that are available in the PSN store. Still, at over 1300 games, that's a huge library to start playing with at launch of the device.
In addition, with the PS Vita TV, you will be able to stream PS4 games to another room if the living room tv is occupied. This will save you having to unhook the system every time the parents or the roommate wants to take over the living room television.
The price in Japan comes out to about $100 USD, which is very competitive with the Apple TV unit. The device does not come with a PS3 controller, so if you don't already have one, you would need to factor that price into it.
There has been no announcement of US release date at time of publishing.
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