Following multiple rumors of a UMD redemption program for the PS Vita, Sony has confirmed that the program is real and the prices.
The program will allow owners of UMDs to redeem a PSN copy of the game at a discounted price. This also means this PSN copy can be used on PSP Go's, Sony's digital download only PSP, as well as the upcoming Vita and old, UMD capable PSPs.
Prices range from drastically from free to ¥1500 for a PSN redeemed copy. No official US or EU prices were revealed, or whether the program will be available worldwide.
Starting December 17th, PSP owners will be able to download a UMD redeemer application. They can then insert their UMD and redeem it for a discounted PSN copy. However, if you think this is an easy way to users to get cheap PSP games from their friends, you can only redeem one copy of a UMD on one PSN account. SO if you friend registered, say, Disgaea 2, and you wanted to redeem it for a cheap copy, then it won't work for you.
A current list of redeemable games is below. Please note this is not the final list, only a starting list:
Carnage Heart EXA – 400 yen
Pachipara Slot – Pachislot Sea Story in Okinawa - 1,000 yen
Akiba's Trip – 1,000 yen
Tale of the Lost Promise – 1,000 yen
Shin Megami Tensei: Persona 3 Portable – 1,500 yen
Metal Slug Complete – 500 yen
Higurashi Daybreak – 500 yen
Atelier Viola – 1,000 yen
Street Supremacy (Tokyo Xtreme Racer) – 1,000 yen
Dynasty Warriors Portable – 500 yen
Dead or Alive Paradise – 1,000 yen
Colin McRae: Dirt 2 – 1,000 yen
Ever 17 ~ the out of infinity ~ 1,000 yen
Nanatama: Chronicle of Dungeon Maker – 500 yen
Silver Star Shogi Portable – 1,000 yen
Chameleon – 500 yen
Hot Shots Golf: Open Tee 2 – 500 yen
Patapon 3 – 1,000 yen
Gran Turismo – 1,000 yen
Nano Diver – 1,000 yen
Himehibi Princess Days Portable – 740 yen
Sacrifice of the Inescapable Room – 1,000 yen
The Promise I Made Over this Blue Sky: Paradise in the Palm of Your Hand – 100 yen
Everyone's Reading: Masterpieces & Detective Stories & Ghost Stories – 500 yen
Disgaea 2: Dark Hero Days – 500 yen
Makai Kingdom Portable – 1,000 yen
The Convini Portable – 1,000 yen
Evangelion: Battle Orchestra Portable – 1,000 yen
Kanon – 1,000 yen
Harvest Moon: Boy & Girl – 500 yen
Memories Off – 500 yen
Prince of Persia: The Forgotten Sands – 1,000 yen
Onore no Shizuru Michi wo Yuke – Free