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Monster Hunter 4 is part of the generally console series which appeared on PS2, and then Wii. The fact MH3 was a Wii-exclusive already meant the series was on Nintendo consoles,, 3DS is the natural next console really, as doing a full HD type production on PS3 or Wii-U isn't gonna happen for a Japanese centric franchise.

The Monster Hunter Portable () of which all 3 versions released on the PSP - and the series which skyrocketed it to juggernaut status in Japan imo will remain on Playstation and be a Vita exclusive. It's a few years off and whatever, but the reality is the 3DS MH is a sequel to a Wii game, not a PSP game, and when they make the PSP sequel it'll be on Vita (Albeit exclusivity isn't guarenteed I guess).

The problem is people on here don't actually play or have an interest in the series, so they think the 3DS game is like, the sequel to the PSP one, when it isn't. It's still a big deal though, but not as big as deal as people think.