Finally, the $249.99 Nintendo 3DS has been officially announced, and it’s slated for release on March 27, 2011. Product page. One of its new features is the “Circle Pad, which provides a full 360 degrees of direction, giving it the freedom and precision needed to play games in 3D worlds.” Click here for more pictures. Continue reading for a video preview. Here’s what early reviewers have to say:

…its parallax 3D display is pushing boundaries not yet optimized for consumer use, with a trick that’s only effective under very strict conditions.

[via EngadgetAmazon]