I'm not really understanding what exactly this thing is. All that I've been able to find on it is remote play with your ps4 and it's compatible with hundreds of playstation games,that is it. that does'nt tell me anything on exactly how the thing works. Is it a small TV/portable gaming device? Is it some device,that streams old playstation games? I don't really get the technical aspects of how this thing works at all. The thing looks like some fancy modem/router. what is the exact point of this device? I know it's only $99,which is fairly cheap,which is why I'm curious about it. Sony needs to do a better job of marketing this thing, are I just haven't been paying that much attention. 

Its a console that u plug into ur TV and it lets you play most of the games that are available on the Vita including the psp/ps1 games

Its basically the samething as the Vita TV, just renamed to Playstation TV for whatever reason. Most likely in order to stay away from the vita brand lolll

It's a Vita chipset thrown into a box for $100 or so. It plays Vita games + streamed PSNow stuff + PSOne/PSP classics.

To be honest if Nintendo had something similar I think it would perform a lot better (3DS/DS/GBA/SNES/NES games + streamed Wii U titles for a $100 box?). Sony just doesn't have the "horses" to push this concept as their handheld division is much weaker.

It's vita hardware.

Essentially they just converted it to a home console.

It's PS TV because it's also used for PS Now (and therefore PS3 games), as well as Remote play (therefore, PS4 games).

Doesn't the Vita TV do that too? Or is that exclusive to Playstation TV?

So,the games are already pre-loaded are do you have to get the games seperate? If it plugs into your T.V,I assume you need a router are it just plugs into the hdmi thing. I'm not really that tech savy. 

You have to buy the games from psn. Just think of it as a vita that plugs into ur TV and comes with a controller

And you do need a HDMI cable which I believe it comes with

Vita does remote play..but not on TVs. And doesn't do PS Now yet, though it should at some point.

Do you still have to buy proprietary memory cards? Those will cost more than the console in short order.