Visit neogeox.com and you can register to receive information about a new Neo Geo X portable system.
The system is an actual SNK Playmore sanctioned device. Famitsu.com confirmed with SNK Playmore that the product does have official licensing.
According to Famitsu's report, Neo Geo X will be released in the second quarter of 2012 and will come bundled with 20 Neo Geo classics, including King of Fighters '94, Metal Slug, and Samurai Showdown. Tommo Inc will release the device in America. Blaze will handle release duties in Europe, the Middle East and Australia. A distributor for Japan and Asia will be announced shortly.
This does seem to be the same device that a retailer revealed a few weeks back. See our original story for specifications, more pics, and the full list of included games.