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Sony has agreed to a settlement with the Federal Trade Commission that will see them paying out cash (or credit) to some Vita owners. The FTC ruled that Vita advertisements falsely led people to believe that the cross-save functionality of the system worked on all games, and that they failed to establish that you needed to buy the game on both PlayStation 3 and Vita for that feature to work. Anyone who purchased a Vita before June 1, 2012, is entitled to either $25 cash or a $50 merchandise voucher. Eligible customers will be notified by email. You can read the full FTC ruling here.

Sony launched PlayStation Now (in beta form) this past summer, but results have been less than positive so far. Many PlayStation gamers are unsatisfied with the streaming service, and the price model has been a particularly sore subject.

Speaking during Sony's Investor Relations Day in Tokyo, SCEA President Andrew House addressed the situation, explaining that PlayStation Now is "a small part of the overall PlayStation ecosystem" that is still growing. However, he also announced a three-pronged plan to improve the PlayStation Now experience. Hit the jump to see what's in store!

Longtime Ubisoft employee and Rayman creator Michael Ancel has taken to YouTube to show off an unused level in Rayman Legends. Dubbed "Chateau Dracula," the scrapped level is a large Gothic castle complete with a dining room, library, wine cellar (or is that blood in the bottles?), and more. Unfortunately this spooky level was axed due to time and budget limitations, but maybe it will re-surface in a future title. Check out the footage and screenshots below!

Monster Hunter 4 Ultimate's reign atop the Japanese charts has ended. According to the latest Media Create charts, both the PlayStation 3 and PlayStation 4 versions of Call of Duty: Advanced Warfare surpassed it, as did Pro Evolution Soccer 2015, knocking it all the way down to fourth.

Captain Toad: Treasure Tracker debuted at number seven and boosted Wii U sales by about 10,000 units, and Dengeki Bunko Fighting Climax produced a similar sales surge for Vita. New Nintendo 3DS was still the top-selling hardware, selling another 47,000 units over the past week. Hit the jump for the full breakdown!

Recent postings in the PlayStation careers website are leading us to believe that Sony's Bend Studio is going to be developing a new AAA title for the PlayStation Vita.

The studio, known for the Syphon Filter series and Uncharted: Golden Abyss has been primarily handheld in the past decade, being involved in a few PlayStation Vita projects since the console's release. Since the announcement that Sony wasn't focusing anymore on AAA Vita titles, the console's future started to look bleak, but maybe this will help keep it afloat a while longer.

More information after the jump!

Three years into its lifespan, PlayStation Vita has not come anywhere close to the popularity that Sony had envisioned for the powerful handheld device. Sales are sitting at around 9 million (versus 45 million for Nintendo 3DS in a similar time frame), but Sony remains optimistic. 

Since PlayStation 4 launched, Vita has received a secondary function as a Remote Play controller. SCEA CEO Shawn Layden says this has boosted sales (no specifics were given), but Sony's confidence in the handheld is mostly fueled by something else. According to Layden, Vita is "the best handheld gaming experience, full stop, period." Hit the jump for his full quote. 

PlayStation Now offers popular PlayStation games on demand via cloud streaming, but so far the service has been hampered by an unpopular price model. Currently players can "rent" games for a set amount of time, but when the service was announced, most envisioned a Netflix-esque subscription plan rather than a pay-per-game model.

According to a recent post on the PlayStation Blog, a subscription service is in the works, and details should be announced soon. Additionally, a more extensive library of available games is on the way. Hit the jump for details!

The hardware and software rankings for the US in the month of October have arrived thanks to the NPD group, and there's quite a variety in the top three! NBA 2K15 took the number one spot with combined sales across five launch platforms, and Super Smash Bros. for Nintendo 3DS was in second place. With a sports game and a party-style fighting game taking the top two spots, Bethesda chimed in with survival-horror title The Evil Within at number three. Overall, physical software sales are down 28% over last October, but hardware sales were up 58%. Hit the jump to catch the top ten!

The weekly hardware and software sales for Japan are in courtesy of Media Create, and Nintendo's record-breaking New Nintendo 3DS continues to dominate the charts. Despite a lack of new games (outside of LEGO Movie: The Game), the new and improved model actually showed increased sales numbers this week, shifting another 65,000 units in addition to the 13,000 units sold for the regular 3DS models. PlayStation 4 also saw a slight boost to its sales this week, but elsewhere it appears the holiday gift-buying fever hasn't kicked in yet, as all other consoles saw their numbers drop. Hit the jump for the breakdown.

Indie developer Tom Happ has been hard at work on the exploration-fueled, action-platformer Axiom Verge for nearly five years now, drawing inspiration from classics like Metroid and Castlevania. All of that work will soon come to fruition when Axiom Verge launches on PlayStation 4, Vita, and PC in Spring 2015. In the meantime, I had the chance to go hands-on with a demo version of the game, showcasing the story intro, two of the nine areas in the game, a boss battle, and more. It was just a small taste of the full adventure, but it was more than enough to leave me craving more. Hit the jump for my impressions!