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Jdevil3 said:
Wipeout 2048 looks pretty cool, and the multitasking capabilities of the Vita are awesome... in fact, it's way better for multitasking than the PS3 :P it's so fast...

I wonder why most developers don't seem to take advantage of the true power of the Vita, you look at stuff like Uncharted: Golden Abyss or Gravity Daze/Rush, and the graphics look almost like a PS3 game... but other games just look like PSP or 3DS games. I guess it must be because these are launch titles and many developers just ported their PSP games to Vita, but as time goes by, more and more will develop with the PSVita in mind and take advantage of it... or that's what I hope.

Imagine if Square-Enix released FF Type-0 on the Vita but instead of being a port of the PSP version at a higher resolution, it was remade with better graphics, better textures, more effects, etc, and looked almost like a PS3 game :O.

High quality graphics aren't cheap to make, and a lot of the teams showing their games for Vita are small developers. Chances are they don't have an insanely big budget.