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Unlike the PSX DVR, PSP and PlayStation 3, the PlayStation Vita does not use the XrossMediaBar interface. Instead it uses a touchscreen-based UI dubbed LiveArea, which includes various social networking features via the PlayStation Network.

Software for the PlayStation Vita will be distributed on NVG Cards, a new proprietary flash card format similar to the Nintendo 3DS Game Cards, rather than on Universal Media Discs (UMDs) used by the original PlayStation Portable. Vita game cards will be available in 2 GB and 4 GB sizes. 5-10% of the writeable space will be reserved for save data, patches, etc. Size and outlook of the card itself are very similar to SD Cards, higher-capacity game cards are planned to be made available for future releases. Unlike the PSP, the PlayStation Vita will not support video output or contain a removable battery. PS Vita is equipped with the storage media slot in addition to the new game medium slot, so that users can choose what memory capacity they want depending on their use.

The PlayStation Vita will be released as two different versions: one with 3G support, and a cheaper version without 3G support. The more expensive 3G-version will also come pre-loaded with some special applications that take advantage of 3G's "always-on" capabilities, such as augmented reality software (also available on the WIFI only version). The 3G service will be partnered with AT&T in the US.

The handheld includes two analog sticks, a 5-inch (130 mm) OLED multi-touch capacitive touchscreen, and supports Bluetooth, Wi-Fi and 3G (the latter is included only in the 3G version of the console). Internally, the Vita features a 4 core ARM Cortex-A9 core processor and a 4 core SGX543MP4+ graphics processing unit, as well as LiveArea as its main user interface, which succeeds the XrossMediaBar.

The PlayStation Vita (also known as "PSVita") is an upcoming handheld game console under development by Sony Computer Entertainment. It is the successor to the PlayStation Portable as part of the PlayStation family of gaming devices.

Several games have been announced for the device, including Uncharted: Golden Abyss, Hustle Kings, Everybody's Golf Next (Hot Shots Golf Next in North America) as well as new iterations of Killzone, Wipeout 2048, Resistance, LittleBigPlanet, BlazBlue: Continuum Shift II, Ridge Racer and Call of Duty. In addition, several third-party studios showcased technology demos of the device by exporting existing assets from their PlayStation 3 counterpart and then rendering them on the device. Some of the games that were demonstrated include Metal Gear Solid 4: Guns of the Patriots, Yakuza Of the End, and Lost Planet 2. Monster Hunter Portable 3rd was also demonstrated to be running on the device to showcase the device's backwards compatibility with downloadable PlayStation Portable titles, which was also shown to be compatible with the PlayStation Vita's additional analogue stick. Unlike the first PSP, the PlayStation Vita will come with Trophy support for games.