E3 2011: PS Vita to Bridge Gap Between Handheld and Console

Street Fighter X Tekken also confirmed for the handheld.

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E3 2011: PS Vita to Bridge Gap Between Handheld and Console
The PlayStation Vita portable seeks to bridge the gap between the handheld and console experience, Sony said during it's E3 press conference tonight.

PlayStation Vita versions of ModNation Racers will also be able to take advantage of all of the user-generated content that has been created for the PS3 version already. WipEout 2048 will allow cross-play functionality in terms of 8-way multiplayer too.

LittleBigPlanet will also return for a PS Vita release, making use of the device's touch screen and online controls to build and play through levels.
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