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I know videogames fans and sony fanboys really want this system to do well, but i just dont see it happening.

The way the device is marketed is shortsided and was already proven to fail.

Considering Sony's financial postition, they cant do the same kind of price cut nintendo did with the 3DS aswell.

Things do look grim for the Vita, but it was because Sony set it up for failure since its conception.

 

Sony can keep the system going by themselves though, and in a couple of years when the price cut comes, the system might become viable. It definitly wont happen for now though.