Today Sony of Japan let loose a pair of somewhat anticipated announcements. Well one more anticipated than the other in my opinion, but you can be the judge of that. So where to begin, hmmm... Alright, well first off Sony announced a price cut for the Playstation Vita system, knocking it down to 19,980 yen, or about $215 American. This is set to take effect on 02/28/2013 and looks to be a flat rate price for the 3G Wifi version and the Standard Wifi version, respectively. Currently there are no price drops mentioned for the US or PAL markets. However, given the current status of the gaming system in these markets, its poor sales, coupled with a severely lacking library, I believe it is only a matter of time before we see the announcement from Sony.