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Prices will start at around 1.59 million yen (approx. $18,500 US). With the government rebates applied I assume... this is only 300,000 yen ($4650 US) more than the gasoline model.
From what they posted on JapanToday, the new model will get approx 30Km/L (up from the current 24Km/L). Japan sales date should be October 2010, US sales later in 2011.
Toyota has also announced a compact hybrid for the Japan market in 2011, price also around 1.5 million yen.