Playstation Vita TV
A promotional image of the upcoming PlayStation Vita TV, which will be released in Japan this fall Sony

Sony (TYO:6758) announced it will release the PlayStation Vita TV (PS Vita TV), a small budget-minded video game console, at the end of 2013, on Monday at the Sony Computer Entertainment Japan Asia (SCEJA) 2013 press conference.

According to documents released in conjunction with the press conference, the upcoming console uses the same internal hardware as the PlayStation Vita, however it is also able to connect directly to a television set.

The PlayStation Vita TV is a tiny white device, measuring out at approximately 2.56 inches x 4.13 inches (10.5 cm x 6.5 cm).

Sony said it plans to release the PlayStation Vita TV in Japan on November 14, 2013 for the suggested retail price of 9,480 yen or $100, making it only a quarter of the price of the upcoming PlayStation 4 (PS4). However, users will still have to purchase a Dual Shock 3 controller as well, since it is not included with the base PS Vita TV package. However, a value pack that includes a Dual Shock 3 controller and a memory card will also be available on release for 14,994 yen or $150.

According to Sony, the PS Vita TV will be able to play more than 1,300 games on release through the PlayStation Network (PSN) digital content service.

However, the PS Vita TV cannot play all PS Vita games due to additional functions such as a touchscreen, motion sensors, camera and other inputs only available on the handheld PS Vita according to Wired.

The PS Vita TV will also be able to stream PlayStation 4 games from an existing PS4 console inside the same residence through a future system update.

Watch the promotional video for the Playstation Vita TV above and let us know what you think.