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M.U.G.E.N said:

maybe to vita..pita isn't that expensive :P

and no this is in reponse to the horrible sales which are well below expectations, mostly. If not they would have at least waited for a release date for PSV. and I'm not denying their reasons for pricing it so high, they just misjudged it and misplanned it. but this will be a more accessible price point to casuals and sales will be much much improved. it will hinder psv sales, at least to a certain limit as well


Although they use much more diplomatic language (as you would expect in a press release), it seems pretty obvious from the tone that Nintendo is admitting this. They also mention their responsibility to instill confidence in developers and retailers, not only their customers. 



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