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Sony needs to do what made them the such a juggernaut during the PS1 and PS2, true the gaps will never be like the PS2 era but what Sony needs to do is release an affordable priced console at launch(this was the major blow to the PS3) and pump out great first party titles while nabbing some 3rd party exclusive material(or take it a step farther and get some exclusive 3rd part titles) to get back to the top.

as for it's handheld, it really hard to tell, it's going to take alot of work/advertisement to dethrone the "king of handhelds" I don't think the PS Vita will top the 3DS, but It will be close one(15-20 million gap...well alot closer than this handheld gen)