The 3DS emerges from it's shroud of mist. NEW INFO.

[Ilyich Valken]

Nintendo 3DS Coming to North America on March 27; Priced at $249.99 - Shacknews - PC Games, PlayStation, Xbox 360 and Wii video game news, previews and downloads

Live from an event in New York City, Nintendo announced its next handheld system--the Nintendo 3DS--will launch in North America on March 27 for $249.99.
At launch in North America, the system will be available in two colors: Aqua Blue and Cosmo Black.

According the article, it will come with a telescoping stylus, a 3GB SD card, and will be backwards compatable with all DS/DSi software.

There are a multitude of options - like a web browser, Mii maker, etc. - but that some of the built in options will be added to the system later (in a firmware update hopefully.)

A welcome addition is the GameBoy/GBC e-shop where you can buy titles from the older models.

And a word on how the wireless works:

There are two types of connectivity the Nintendo 3DS employs: Spot Pass and Street Pass. With Street Pass, Nintendo 3DS systems communicate with each other automatically. When passing users with a Nintendo 3DS--whether it's on or not--the system will transfer Mii information between both systems, giving you information on that user. This feature can also be disabled if you prefer not to be social.

The Spot Pass allows players to receive content directly from Nintendo and its content providers. This allows for the system to automatically update, even while asleep. An indicator light will also notify players that new content has been added to their handheld--much like the Wii.

Edit: Oh fffuuuuuuuuu. Title typo.