The only flaw with your statement is that for it to be cheaper than the 3DS, it needs to have cheaper components. Which pretty much means slower processor, less ram, lesser quality graphics. Pretty much an inferior system. I don't think you can pull a "Wii success" with handhelds. Besides, Sony is always about bells and whistles, they will soup up the PSP2 to be at least on par, pricewise, with the 3DS.
I do agree that the 3DS lineup sucks. They should have had Ocarina of Time ready for launch, the game is like 13 years old now afterall.
As for the battery life, that can change with electronic tweaks or a better battery. 3-5 wouldnt bode well for those long car trips with the kids in the back, unless you had a power convertor to plug in to.
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