We haven’t heard much about the PlayStation Vita TV since it’s announcement in Japan over a month ago. The video is in Japanese and doesn’t have subtitles, but importantly it shows the features of the PlayStation Vita TV.
Also many of the terms are English words plus the liberal use of logos and icons means you can get the general jist of what is they are saying.
It’s honestly a more succinct and clear explanation of what the PS Vita TV can do and it’s relationship to other PlayStation products. It’s Japan only for the moment and will launch on November 14th, but Sony has said they were surprised by the positive response online and are looking into bringing it to other markets.