Well Mr. Smart, we can argue about the platform being the same or not... It is not because you can play Vita games than you call this a "Vita platform".
Maybe it sounds cooler and reconfort you about your mighty Sony and their greatness :) ? Playstation is the brand, Vita is just a device and yes the name is mainly related to a failure, so I think it would have been a good opportunity to go for another name, even PS.TV would do.

Don't be mad, Sony will be okay, you'll do fine too :)

Nothing to argue. Playstation is the brand, and Vita is the platform. Sony called this the Vita TV but go ahead an take yourself above the press release.

Oh my, quick to patronize and assume an alligience. Not me buddy, show your colors.

Yesterday Sony revealed the Vita TV and for the most part I think it's genius. The industry has long been waiting for a new sub $300 console and attempts made by the Ouya have largely fallen flat. For $99 you get a tremendous value as the system can play PS1/PSP/PS Vita games all while offering the functionality of a set top box like Apple TV.

However, I feel like some aspects of the Vita TV misses the mark and will fail to resonate strongly with a more casual and mainstream audience. I think it has the potential to be an incredible devices for familes and children, but some these things really hold it back.

The following makes assumptions about the US retail prices for the Vita TV and Vita TV bundle to be $99 and $149 respectively.

No included remote/controller

For $99 you get the box and only the box. This assumes you already have DualShock 3 or whatever other PlayStation accessory it may be compatible with. This then begs the question that if you already have a PS3, why would you buy a set top box that is inferior in media services, video quality, network functionality, and games library.

The most obvious solution is to simply bundle a cheap remote like the Apple TV. Another solution is to create a smartphone app that can control Vita TV similarly to the Vita's touchscreen.

The PSVITA.TV $99 sku is designed for people with PS3s already, that's true. However people have more than one TV in their house. Apple TVs and Rokus are designed to be on every tv, so why would this be different? Have a PS3 in your entertainment center, and a PSVITA.TV in the living room.

No 1080p

The Vita TV boasts a blazing fast quad core Samsung CPU as well as a quad core GPU that is speced similar to a $500 iPad3 or iPad 4. Yet despite this, it can't handle 1080p video playback and maxes out at 720p/1080i. By comparison, even the Apple TV's piddlingly tiny single core chip can handle 1080p videos.

Vita games are still rendered at 544p, so having 1080p output is pointless when gaming. It's definitely a negative, but a small one at that.

Network Media Playback

At this moment the PS Vita is currently incapable of streaming media over a network media server. One of Apple TV's biggest selling points is being able to playback videos and music from with a router hooked up to a device such as a Windows computer or external hard drive. Having expandable memory helps, but the expensive memory cards and large game sizes makes this impractical. And no one wants to bother connecting the Vita TV to a computer and sync just to watch a movie.

Press release already states it can do this. Will have to wait to see how many devices it actually supports though.

Still uses the expensive, proprietary memory cards

Sony still doesn't understand that these memory cards are the biggest problem with both the Vita and now the Vita TV. Of all the things they did well with the PS Vita-2000, this was still the major drawback. The faster Sony moves to a non-proprietary memory card solution like a microsd, the better.

The memory cards make a killing for Sony. I think we all agree that SD would be better, but that would bump up the device cost.

Uses a touchscreen UI for a TV screen

The Vita TV uses the same exact UI from the PS Vita. This is usable thanks to a firmware patch that allowed players to navigate the UI using buttons instead of the touchscreen. However, the UI is still extremely clunky to use with a controller whether it navigating arduously from icon to icon or trying to quickly check notifications or move between apps. Hopefully the Vita TV takes advantage of the four extra buttons, but having the DualShock 4's touchpad for simple things like navigating between pages or scrolling would have been nice.

It has a modified version of the Vita UI, but yes. The extra DS3 buttons are used for touch input. DS4 will be compatible soon after PS4 is launched.

Being designed for the DualShock 3, not the DualShock 4

As mentioned above there are quite a bit of advantages to having the Vita TV ship with a DualShock 4 instead of a DualShock 3. Being able to do simple gestures like swiping or scrolling brings allows developers to transition from Vita to Vita TV more seemlessly. More importantly however is the fact that the DualShock 3 does not work with the PS4. That means anyone who uses the Vita TV and wants to eventually upgrade to the PS4, can't use their controller. It also means that someone who has a Vita TV and plays with friends that have PS4s, can't bring their controllers over. But most of all, it introduces more fragmentation to an already divided eco-system. Introducing two new consoles with two different controllers makes the PlayStation ecosystem less united and just more messy. It's bad enough that the DualShock 3 won't work with the PS4, it's even worse when they package it with a new console.

The PSVITA.TV is launching way before the PS4. Also it is designed at people who already own DS3s. This makes perfect sense. In time it will naturally transition to DS4.

No built-in camera

This one is odd but I think the Vita TV could really use the same, cheap camera from the PS Vita. There are quite a few Vita games that require a camera for gimmicky functions and moving them to the Vita TV would be a bit easier. The best part however, is that if this is a console aimed for families and casual gamers, having a cheap $99 set top box you can Skype on a TV with is a functionality that neither Apple TV nor Wii have. Skype is already available on the PS Vita, so not having a camera built into the body of the Vita TV feels like a lost opportunity to me.

Agreed that it could have been great, but it's also unrealistic to put a camera on the device. We'll see if eventually the PS3 Eye is supported.

That being said I'm very pleased with a lot of the decisions made for the Vita TV. It's an extremely powerful device for the price and with services like Crunchyroll and Hulu Plus coming, it's media services will be very compelling. Being able to play the PS4 from any TV in the house is something I would have loved to have had when I was a kid always fighting to use the big screen tv. I've listed quite a few complaints, but I think the Vita TV is a phenomenal value with fantastic functionality.

The main problem with Vita TV is also the main problem with OnLive: streaming. I sincerely don't see it taking off, based on my experience with onlive, you better only play RTS/slow JRPG games otherwise you're gonna get frustrated with the lag. That's also one of the main strenghts of this platform when compared to OnLive, it's not like you have JRPGs on a PC or anything like that.

lol don't be arrogant in your replies with your "Genuis" comment if you want to have a constructive conversation next time...

Also you should take the time to read what people are posting instead of jumping to conclusion... We all read the press release AND we all ALREADY understand that Sony named it "PS Vita TV"... So I'm not sure what the hell is your point with the bolded quote :)

Oh and looks like I'm not the "only" genius who find weird for Sony to add "Vita" in the name. If you really want to believe that just becayse it "also" plays Vita game, it is automatically based on your so called "Vita" platform (yes, sounds really cool; I really understand why you insist on that); it seems that it is not everyone's oppinion.

Anyway, PS Vita TV is not a good name in my oppinion, sorry to hurt your feeling :(

I think they actually want to fix the Vita name. Playstation TV wouldn't help the Vita as much. Vita TV will.