In case no one saw my post earlier and/or haven't visited the "Vita Heaven" thread:
a quick summary of the stream. may be incomplete due to my memory
-PS VITA System-
1.Price drop: 19,980 yen for both Wi-Fi and 3G models
2. a free week of PS+ for Japan accounts (free games include Uncharted, Dokuro, some others I forget)
3. Reader App (for manga)
4. Torne App (PS3's TV recorder thing, only in Japan)
5. New silver color for Vita
-Games-
1. PSO2 (Bundle with silver Vita for 19,980 yen)
2. Monster Hunter clones up the wazoo, Soul Sacrifice, God Eater 2, Toukiden, Valhalla Knights 3
3. Dragon's Crown (2D side scrolling Mon Hun clone? lol)
4. Sen no Kieski
5. UMD Passport: import PSP God Eater 2 to Vita (for free? i forget)
6. Gundam Breaker (Mon Hun mech clone?)
7. FF X (character model only)
For people saying the announcement had nothing new, the price drop, PS+ free games, Reader and Torne Apps, and the silver color are all new. The price drop is obvious, but I think the free games for PS+, along with the free week of PS+, is a good thing. We talk about PS+ freebies on America and Europe's PSN stores, but Japan really hasn't had anything like that yet. So far, Japan has only had discounts on games (and not very good discounts at that) and subscription rates are not as high as in other regions. More PS+ = more awesomer
I'm betting that in addition to selling more Vitas, SCEJ wants more PS+ subscribers. With the PS4 announcement in a couple of days, I'm sure SCEJ will hint that PS+ will be a must have service for the new console. Today's Vita announcement is Sony's attempt to win back more of the Japanese market they lost as well as get more PS+ subscribers for the future. I may seem overly optimistic, but I think Sony's announcement today is a good thing for the Japanese market.
The only thing I disliked about the announcement was that Toukiden was announced for
both Vita and PSP, which will discourage many people from buying a Vita for that game, since they most likely have a PSP already. Sony needs to start letting go of the PSP if they want their latest handheld to get a larger market share.