BlazBlue: Chrono Phantasma for PlayStation Vita packs the story content from the console version plus a new scenario that takes place at the beach. Ragna, Kagura, Celica, and Noel are in the bonus storyline. The Vita version also has digests that summarize the events from Calamity Trigger and Continuum Shift. Abyss Mode has some changes on Vita too.
Arc System Works plans to release BlazBlue: Chrono Phantasma for PlayStation Vita in Japan on April 24. Aksys has the Vita version for North America scheduled for June 24.