Sony has introduced the new ‘PlayStation Vita’ handheld, reports CTV.

The company’s newest portable gaming machine, the ‘PlayStation Vita,’ is a touch-screen and motion-sensitive handheld that allows gamers to connect with one another over cellphone networks and Wi-Fi hotspots. The device can also use GPS location-tracking technology.

Much like the iPad, the device is available as a Wi-Fi-only version for $249, or a cellphone version which will retail for $299 and buyers will have to subscribe to a cellular data plan.

The Vita also has front and back cameras, a touchscreen in front, a touch pad on the back and two joysticks. Gamers can play against each other all around the world.

“PlayStation Vita will revolutionize the portable entertainment experience,” Kazuo Hirai, group chief executive officer of Sony Computer Entertainment Inc., told a crowd at the unveiling. “The whole world is really in play.”

The device will go on sale before the winter holidays. This sounds cool, I probably won’t buy it just because I have enough technology devices as is, but I can appreciate its idea.