Console Version

PS3/Xbox 360
Terraria is available for download on the PS3 ($15.00 on the psn shop) and Xbox 360(1200 MS points). It is very similar to the PC version but it has new weapons, armor, and items; see below for the full list.

PS Vita
Terraria can be bought from the Playstation Store for PS Vita for $15.00. It is almost identical to the PS3 and Xbox 360 edition. As the Vita lacks R/L 2/3 buttons, a manual/smart cursor option can be spotted at the bottom left corner. The vita version lets you crossplay with PS3 users, although there is no cross buy or remote play option as of now.

Crossplay feature
Crossplay is a feature on Terraria PSVITA edition and Terraria PS3 edition. It will allow users who have bought Terraria PSVITA edition and Terraria PS3 edition to play on each other's world. (EXAMPLE: PS3 users can play on a PSVITA user's world, and PSVITA users to play on PS3 user's world.)

Trophies
This feature will also merge the trophies a user earns on PSVITA edition and PS3 edition into the same trophy list, as long as the user is using the same PSN (Playstation Network) account on both platforms.

iOS/Android
There is also a mobile version of Terraria available for $4.99 in the App Store and Google Play. Similar to the Xbox and PS3 versions. Both versions are the same, but the there is a free trial version for Google Play, which features the tutorial. (no world creation)

New content
The Console Version has several new items and monsters not available on the PC-Version. They are:

New Armor Tier:
 * Dragon Armor (Warrior Set)
 * Titan Armor (Ranger Set)
 * Spectral Armor (Set)  (Sorcerer Set)

New Weapons:
 * Sharanga (Bow)
 * Tizona (Sword)
 * Tonbogiri (Spear)
 * Vulcan Repeater (Crossbow)

New Assessories New Pets:
 * Sparkly Wings (Wings)
 * Brain --> Pet Zombie
 * Cabbage --> Guinea Pig
 * Petri Dish --> Pet Slime
 * Vial of Blood --> Pet Bat
 * Honeycomb --> Pet Hornet
 * Wolf Fang --> Pet Werewolf

Stronger Versions of old Monsters:
 * Albino Antlion (Desert)
 * Arch Demon (Underworld)
 * Arch Wyvern (Sky)
 * Dragon Hornet (Underground Jungle)
 * Dragon Skull (Dungeon)
 * Dragon Snatcher (Jungle)
 * Dragon Stinger (Underground Jungle)
 * Orca (Ocean)
 * Shadow Mummy (Corrupted Desert)
 * Shadow Slime (Corruption)
 * Spectral Elemental (Underground Hallow)
 * Spectral Gastropod (Hallow)
 * Spectral Mummy (Hallowed Desert)
 * Vampire Miner (Underground)

And a new, final Boss:
 * Ocram, summoned with Suspicious Looking Skull

Bugs/Glitches
Go here for a complete thread listing the current bugs and glitches, feel free to contribute if needed, as our knowledge of the console game is still growing.