Rumours were circulating earlier in the year that the PlayStation Vita's initial 512MB RAM would be cut down to 256MB in order to reduce production costs, but Sony's released the final specs for the PSVita and lo and behold, it's staying at 512MB. You can continue breathing and wipe your brow now.
Other known details include the impressive ARM Cortex A9 quad-core processor, as well as the quad-core PowerVR SGX543MP4+ GPU. The 5" OLED screen boasts a resolution of 960 x 544 pixels while the VRAM sits at 128MB.
A little disappointing is the front and rear cameras, which only support 640 x 480 (VGA) resolutions. It can record video at 120 frames per second at 320 x 240 (QVGA) settings and 60 frames per second at 640 x 480 resolution.
In addition, Sony also announced several social media services, including Skype, Facebook, Foursquare and Twitter. Unfortunately, Sony did not announce the official release date for the device, which is currently set for an obscure 2012 release outside of Japan.