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Great thread. One of the best I've read. I agree with everything. And while most people say Vita is way more powerful than the 3DS, I think this is the closest tech battle Nintendo ever faced in the handheld market (GB/Game Gear, DS/PSP)

Vita looks like a wonderful machine. It corrects so many of the flaws PSP had - the most important is being able to offer something different than a console experience. My only fear is Vita losing japanese support like crazy, since it's failing at establishing a healthy user base there. And not having something like Capcom, Square or level 5 onboard is suicidal to me - if you're not Nintendo, especially.