Monday evening, Jack Tretton, the president of Sony Computer Entertainment of America, announced the price and name of its new handheld video game console. The PlayStation Vita is set to hit stores later this year, but before Tretton got into the specifics of the new gaming system, he had a few words to say about the recent hackings that Sony has fallen victim to.

Tretton apologized to Sony’s customers, retail supporters, and publishing partners for “any anxiety we have caused you.” He went on to say that the PlayStation Network is back up to about 90% of what it was before the attacks. Tretton said that sales of the PlayStation 3 are up 27% over last year, but declined to say any more.

The word Vita means “life” and it’s a far cry better than the Next Generation Portable code name the company has been using for the last several weeks. The expected price point will come in at $249 for a Wi-Fi version and $299 for a 3G/Wi-Fi version. There were several popular games on display Monday night, including Uncharted and Mod Nation Racers. Street Fighter, the popular franchise from Capcom, will also be available for the Vita.

Tretton also released a bit of information on what to expect for the PlayStation 3 games, such as Uncharted 3: Drakes Deception, Bioshock Infinite, and Resistence 3. Also announced were plans to sell a high-definition, PlayStation branded, 3D display and glasses. The display, glasses, and a copy of Resistance 3 will be bundled together for $499. The glasses by themselves will cost $69.

More information is expected tomorrow during the Wall Street Journal’s E3 conference. There are gamers around the world sitting on the edge of their seats to see what the E3 will bring this year. That wait is almost over.

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