At it's conference tonight, Sony has announced a new PS Vita model which is slimmer than the current model. Currently Japan only, the new model is 20 percent thinner and 15 percent lighter and has a LCD display in instead of OLED screen. The battery life has been extended by an hour and the model also comes with a gig of internal memory and for it's external memory a new 64 GB memory stick can now be purchased for the VIta.
The 'a more casual and easier to use vita model' comes in the above colors and will be released in Japan on October 10th for 18,980 Yen which comes out to be about $200 USD.
Again, no info on it being localize.