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I like how people think the only option is for it to be exclusive to one system.

A multiplatform Monster Hunter would do better than a singe platform one. Both the Vita and 3DS are capable of running MonHun. It would make Capcom more money to put it on both systems. Why release on one system? 

"Faith?" Lol. 

And I realise there was no MonHun on DS (right?)...this is simply because the DS couldn't run a high quality MonHun game. 

That said, it is clear that Capcom's Vita support is shit. But an upscaled port of a 3DS MonHun would be more than profitable enough, especially considering the series' audience almost wholly resided on the PSP - and one assumes that would be the same audience that go on to own Vitas.

It is clear that Nintendo approached them with some sort of deal.