With PS Vita sales dwindling, Sony has finally cut the price of the troubled handheld system -- although the drop will only affect Japan for now. From February 28, both the Wi-Fi and 3G versions of the device will cost 19,980 yen ($215), down from 24,980 yen ($269) for the Wi-Fi model, and 29,980 yen ($323) for the 3G model. Sony was also keen to reiterate that there are numerous titles coming to the handheld over the course of the next few months, including Phantasy Star Online 2, Soul Sacrifice and Tales of Hearts. With Sony gearing up to a big event this week, this price drop has led to speculation online that a similar PS Vita price cut will be announced for the U.S. and Europe. Sony desperately needs to shift more Vita hardware units, following slashed forecasted sales for the handheld -- hence the price drop incentive.