Vita is in bad troubles.
1) They can cut the price but it's the best way to destroy the profitability of the project: with good sales the breakeven was 3-years far from the launch, but actually the market is so poor they cannot reach this target.
2) The can cut the price to 179€, but this action will move away too the possibility not to lose money with this project, because the cut will impact directly on the profitability (same disaster Nintendo suffered, but starting from a winning scenario of a money printing console).
3) When they'll cut the price Nintendo will probably react and launch the new 3DS (supposed better 3D effect, better screen and innovative layout), moving back the effect of a cut price
4) In Japan they haven't got any bestseller now, and the poor sales move away the possibility to attract a Final Fantasy/Dragon Quest main title. They can get MH Portable something but not so fast, and considering the incoming MH4 for 3DS...
5) 3DS will litterally explode when a real pokemon new title will get 3DS, the combined effect of MH and Pokemon will speed up the sales of 3DS worldwide, to levels only DS reached.
6) The casual people today are on smartphones and tablets, no way a casual gamer could choose a Vita due to the fact the console haven't got any attractive for a casual.
And that's a disaster, because Sony moved the market to a new step when PS has been created, I don't want to imagine a world without Sony and his brands. Now I feel this risk somehow.
AstroMaSSi rules
