If reports are to be believed, Microsoft is all set to release the Smart Glass at the E3 2012. There hasn’t been any official announcement, but reports have said that Microsoft has been in a frenzy to buy all domain names with the words “smart glass” in it. And after all, it is no secret that Microsoft has been trying to establish Windows as a streaming- friendly OS and the functions of Smart Glass (explained below) seem to fall in line with that aim.

While we don’t have a lot of official information about this technology from Microsoft itself, it is being touted as Microsoft’s reply to Apple’s AirPlay feature. So, what exactly is the Smart Glass? Honestly, nobody seems to be absolutely sure on that count. Earlier reports indicated that Smart Glass is a tablet which could be used to connect to an Xbox 360 and stream music or videos to a television set, using Xbox 360 as an intermediary.

However, later reports indicate that Smart Glass, is, in fact an app which can be used on tablets and phones running on Windows, Android and iOS. Using this app (or a physical tablet?), Xbox 360 users will be able to stream content directly from Netflix, Hulu and other similar applications. At the same time, users will be able to stream content from their smartphones to the television through the Smart Glass. Essentially then, the Smart Glass will act as a means through which the gaming console could be accessed remotely, making way for streaming content effortlessly.

We will have more information to provide about the Smart Glass once it is officially released by Microsoft. But besides that, what can we expect from the E3 this year? Well, unfortunately for gaming enthusiasts, Microsoft has announced that it won’t be releasing the Xbox 720 gaming console this year. Having said that, we can still expect some information about its features or other such details. Besides that, Microsoft might unveil the Xbox Music Service or Woodstock, which will allow users to share music across different platforms. The Woodstock might well be Microsoft’s desperate attempt to make up for the absence of the next Xbox gaming console.

The Display(s)

One of the 3DS’ biggest selling points is its glasses-free 3D display – more of a marketing gimmick, really. There are only a small handful of 3D-ready titles available, and of those, Super Mario 3D Land is the only one worth playing in 3D. Many people don’t actually like the 3D affects.

The Vita, however, has a 5-inch, fully touch-enabled OLED display which outshines the 3DS in nearly every aspect. The only downside is that its large screen might make the overall size a bit large to fit comfortably in your pocket. Score one for the Vita.

Controls

Like the previous DS systems, the 3DS has a D-pad, bumpers, a touch screen, and various buttons. Unlike its predecessors, it also has a single joystick and gyroscope/accelerometer.

Not to be outdone, the Vita has all of this, plus an additional joystick, an electronic compass, and a touch pad on the rear of the device. If anything, the Vita might have too many inputs, since they do lead to some complicated game play; nonetheless, we have to side with the Vita in this category as well.

Graphics

As a significantly newer device, it should come as no surprise that the Vita has far superior graphics capabilities than the 3DS. The Vita features an extremely high-performance quad-core CPU and quad-core GPU, capable of outputting 150 million Tri/s. The 3DS can only manage about 30 million. This is another clear win for the Vita.

Game Library

Launched with 25 titles (all of about two were very good), the Vita has a small selection. That number is very quickly growing, and thankfully, the Vita is compatible with all PSP and PS Mini titles on the PlayStation Network. Unfortunately, for anyone hoping to migrate from a PSP, you’ll have to repurchase your games.

The 3DS doesn’t have a lot of worthy 3D titles, but it does have the HUGE Nintendo DS library at its disposal. Plus many of the greatest franchises, like Mario and Zelda. The 3DS takes this category…for now.

Connectivity

Both the 3DS and Vita have WiFi, but only the Vita has Bluetooth and a 3G version available. Both have built-in web browsers and even Netflix streaming, but the Vita’s larger screen makes a big difference. The PlayStation Network also offers a wide selection of movies and TV shows to rent or purchase. Mark another win for the Vita.

Price

The WiFi-only version of the Vita weighs in at $249, a full $80 more expensive than the 3DS. The Vita also uses Sony’s proprietary Memory Stick storage, which is an additional $20 purchase at minimum (that’s just the 4GB card). 3DS games are, on average, about $10 cheaper than Vita titles as well. Considering the extra performance and features the Vita has, it’s still a good value, but the 3DS is easier on your wallet.

Overall

The Vita dominates in just about every category except Game Library and Price (arguably the two most important). The Vita game library will definitely improve over time, but we expect it won’t get much cheaper for a while. If all you’re after is a solid portable gaming experience, go for the 3DS (or DSi XL if you like a bigger screen). For premium graphics and features, the Vita is amazing.

What remains to be seen is whether the Vita can hold its own against the growing smartphone gaming trend.

Amazing Graphics

A few Nintendo loyalists have been trashing the Vita, claiming it’s simply a poor attempt at coping the Nintendo DS (referring mostly to the new touch-interface). What they forget to mention is the fact that the Vita some killer graphics capabilities.

The Vita actually utilizes components that will be used in smartphones that aren’t even out yet. It features a quad-core CPU as well as a quad-core SGX545MP4+ GPU (essentially a faster 4-core version of Apple’s dual-core A5 processor found in the iPad 2). This thing is truly capable of PS3 and Xbox 360 level graphics, which means you’ll be getting a lot of the same PS3 games rather than watered down portable versions the DS and PSP have. Games like Uncharted: Golden Abyss have already proved this.

The Price

The PS Vita comes in two flavors: a 3G cellular data version for $299 (plus monthly data plan), and a WiFi-only version for $249. Both are a spectacularly good deal.

Sure, the Nintendo 3DS and DSi XL are available for around $160, but the Vita isn’t really competing with the DS; it’s competing with smartphones. The smartphone gaming market is on the verge of rapid expansion, but they have a few huge speed bumps to get over:

1. Pricing. You can buy a new smartphone for about the same price as the PS Vita, except you’ll be locking yourself into a 2-year agreement. If you ever break or lose your phone, or want to buy a new one, it’ll cost you upwards of $500. The PS Vita is subsidized by game licensing, so its price will only go down from here on out.
2. Performance. We’ll be seeing quad-core phones before the end of the year, but the PS Vita has already achieved that performance today.
3. Controls. With the exception of the Xperia Play, smartphones are pretty much only offer touch screeninputs. Serious gaming is basically impossible. Thankfully, the Vita has dual joysticks, a D-pad, left/right bumpers, and of course a handful of buttons.
4. Games. The PS Vita is a gaming device, so there’s no question that it will soon have a massive game library with hundreds of great titles. Smartphone app stores are still hazy on the gaming department while they wait to see if smartphones can make suitable gaming devices.

Everything Else

Overall, the PS Vita has been very well designed. Its 5-inch 960×544 qHD OLED display looks great and still keeps it small enough that it will fit in your pocket, though it’s probably a bit too bulky to carry it everywhere you go. With the exception of transitioning from the joysticks to the touch screen (and visa-versa), the controls are very well thought out.

The gaming experience really is unmatched in the portable realm; however, full-sized games also mean full-sized load times. Starting up a game like Uncharted can take a few minutes. Fortunately, the sleep function makes pausing and resuming gameplay almost instantaneous. The Vita also makes for an excellent media device, with lots of options for storage and most popular media formats. That big beautiful screen does take a heavy toll on battery life, though. Expect about 5 hours of gaming on a single charge – enough for a long car trip, but bring a charger for a long flight.