I like PS Vita and don't think it will be a failure, but the whole dedicated handheld market will shrink a bit this generation. Nintendo is holding their part strong and handling it better. As for Sony, they can't continue to use the same business model for their portable gaming device any longer than this generation. If their next portable gaming machine will be similar to PSP or PSV, they will fail. They will have to change it in future, change their mind. Otherwise it will be a stagnation and game-over. But for now, PSV will be at least moderately successful (after all, they are making money on it and it will cover all costs within three years) and alive at least five years, as I can see it.
After E3 I will judge for myself - to buy or not to buy this thing.
