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This thread hasn't erupted yet; I'm glad for that.

I've only played a few 3DS games, and I haven't yet played my Vita, but I think at the moment the better investment is 3DS. It's less expensive, has backward compatibility, it has a bigger and better library of games (of course this all relies on taste), it provides access to classic Game Boy games, and, as MattyPeq said, its future is brighter.

Ultimately it's all about your taste in games. If you genuinely love the software for Vita, it will be the better option. But I would recommend waiting a bit for a hardware price cut, or at least a price cut for memory cards.