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We still don't know how Sony is implementing this. From PS Asia's email to me last month regarding the change in activation rules, it explicitly states that PS Vita will share the same slots as PSP. This meaning the games are device locked. If its device locked we should be able to play it regardless of which account we're on? Just like PS3?

The only hassle part comes when we have to "reformat" the device if we were to dl it using the account that we purchase it I guess. But how difficult is doing that we do not know until the device launches, in more than a week's time...

One more thing. It says format the device to factory settings, and it has no internal memory. So I guess the card's contents remain? I don't know whats the fuss about. Its probably will work the same way as PSP, which I agree is a step back considering it has enough ram to support multiple logins.