Today’s Sony press conference is all about the brand new PlayStation Vita.

Similar to Nintendo’s push to make their consoles more affordable and accessible, Sony is offering a new PlayStation Vita model starting at 19,929 yen, approximately $199.

Carrying the model number PCH-2000, the new PlayStation Vita is still equipped with all of the basic features of the original model yet is 20 percent thinner and 15 percent lighter. Unlike the PCH-1000 model, the new vita has 1GB of built-in storage, a microUSB, an all-new LCD display — a downgrade from the OLED of the original model — and a longer battery life (by one hour).

It’s currently unknown if the extension of the battery life is due to a physically bigger battery or due to the LCD screen.

The new Vita model will be released in six new colors as shown above: white, black, blue, yellow, pink, and olive green.

Watch the announcement video below:

To help usher in sales, Sony says they will be issuing another round of price drops for the propriety memory card for the portable console and will be introducing a 64GB card sometime in the future (better prepare your wallets for this one folks). The PCH-2000 model of the PlayStation Vita will be available in Japan starting next month, but currently isn’t announced for an international release.