Update: President Satoru Iwata shared additional information about the system as the broadcast progressed. The new system is named 3DS LL and is set for a July 28 release in Japan. White, Red/Black, and Silver/Black colors will be available.
3DS LL packs in a 4GB SD card. The system itself features a 4.88 inch screen for 90% extra space. The lower screen has also seen an increase to 4.18 with a 90% space upgrade as well. It’ll feature a slightly improved battery.
Nintendo has just revealed a new 3DS revision during the latest Nintendo Direct. It includes a larger top/touch screens and more.
You can find the first photos of the system above.