The next PlayStation is codenamed Orbis and will launch in time for the 2013 holiday season, according to a report by Kotaku today.

In Latin, Orbis can mean circle or ring or orbit. As cleverly pieced together and pointed out by Kotaku, that doesn’t mean a whole lot until coupled with the Vita, which in Latin means life. Combine the two, you get: Circle of Life.

Assuming that this information is valid, this points to two important things. One, the Vita will have further integration with the PS4/Orbis. Two, with this much thought and underlying meaning being put into the codename, it may in fact be the actual name of the system. But let’s hope not. (Continue reading after the jump.)