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Sony has announced its intention to broadcast new information concerning the Playstation Vita this evening (2/18) at 17:00 in Japan, 3 days before the big Playstation meeting on the 20th.

What could it be? Price drop? New games? New model/redesign? Find out in about 7.5 6 4 3 2 1 hour to go! COMPLETE

http://www.jp.playstation.com/cp/2013spring_psvita/

Additions:

Some people seem to be confused, the presenter is not going to be Kaz, but rather SCEJ President Hiroshi Kawano.

Shuhei Yoshida has made some interesting (cryptic) posts and replies on Twitter.

Net retailer Joshin has ceased taking Vita system orders on their site, prompting rumors of a price cut incoming.

Poll added for kicks.

Direct link to the USTREAM channel http://www.ustream.tv/channel/psvita2013  NOTE: It probably will just be in Japanese with no subtitles.

 

RESULTS:

Vita price drop. Both 3G/WiFi and plain WiFi models have been dropped to 19,980 yen, or around US$200. (10,000 and 5,000 yen off respectively) Effective Feb 28. For reference the 3DS LL retails for 18,900 yen.

New Vita color: Ice Silver. Also some showcasing of the Soul Sacrifice limited edition.

Playstation Plus offering some big name Vita titles and 7 day free trial next month. Other application promotions such as Torne and Reader.

New trailers and gameplay for Phantasy Star Online 2, Toukiden, Soul Sacrifice, Valhalla Knights 3, Legend of Heroes: Sen no Kiseki, Gundam Breaker, God Eater 2.

God Eater Burst UMD Passport for Download version free for a limited time.

Dragon's Crown and Final Fantasy X HD remake are still alive, new footage.

Recap on games coming out in the next couple months: Senran Kagura, Phantasy Star Online 2, Soul Sacrifice, Tales of Hearts R, Stein's Gate, Dead or Alive 5, Atelier Meruru Plus, One Piece Pirate Warriors 2, Sei Madou Monogatari, Oboro Muramasa. (sorry if I missed any)