http://www.gameinformer.com/b/news/archive/2012/02/10/shuhei-yoshida-interview.aspx

What have you learned from the Japan launch of the Vita that you might look to remedy for North America and Europe later this month?

 There are two major differences. One is the type of lineup that we had for the launch. Games like Uncharted are not a big name in Japan. Hopefully it’s growing in awareness like Call of Duty or Grand Theft Auto. It’s not like this game will sell a million units. Gamers in Japan want games catered to their tastes. From that standpoint we didn’t have a strong lineup for the Japanese market.

The second is the PSP. We’re advertising PSP on TV while advertising Vita. So it’s three portables in Japan.

I’m cautiously optimistic. We’ll have to see how the launch goes. In terms of what we have as a foundation as a platform, we’re envisioning this as a seven or eight year platforms and are very happy what we have today and can improve upon it.

This is proof that mobile technology is advancing way too fast. Can a dedicated handheld even last 7 years? I would think that 5 is the most. In 7 years we'll have an iPhone 10 and it will be a lot more capable than a Vita in not only apps but gaming. 

If it's to do with mobiles affecting the industry then surely it'd be lower than 8 years? PSP will celebrate its 8th birthday later this year and that spent the majority of its life unaffected by mobiles.

I hope the vita is updated on an annual or 1.5 year basis... similar to the iphone...update the cameras, the processors, ram...hopefully within a couple years it will have a 1080p OLED screen. Sony cannot wait 6-7 years before updating the 540p OLED screen, we already have phones that are 720p.

Hmm You just cant compare a dinky mobile game to a dedicated handheld, especially when it interacts with your game console at home like picking up game saves, cross platform play and playing and challenging others its just two different things.

They could "keep" the PSVITA. All they would have to do is throw in a few things and then add a new name to the end of PSVITA.

yea, maybe we'll get that PS-Phone. or Vita Phone.

There isn't much of a line-up for it that I like, but down the road... I'm picking one up on day one so I get a free $20 gift card from Target to help pay for whatever game I grab.

...PSVITA 2???

:D

Yes... PSVITA 2. XD

I doubt they have a 2 year plan.