Sony cuts Vita price in Japan on Feb. 28

Sony announced a sizable price cut for the PlayStation Vita in Japan this morning, starting February 28. Via a special online broadcast, Sony detailed that both the 3G/Wi-Fi and Wi-Fi-only models are to cost ¥19,980 (around $215). That's roughly a 20 percent drop from the launch price of the Wi-Fi only model, and a chunky 34 percent off the 3G/Wi-Fi model.

The price drop coincides with the release of Phantasy Star Online 2 for Vita in the country. The game will be available as a free download, and at retail with items, accessories, and costumes bundled in. A new Ice Silver Vita model (see below the break) including PS02 and an 'AC1000' ticket (in-game cash) is coming on February 28, at the same ¥19,980 price.

February 28 also sees a PS Plus promotion coming to the country. Between February 28 and March 18, users in Japan can activate a free one-week subscription to the service.