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saicho said:

Yup. And VITA is doing worse than that too. It took a tremandous effort and billions of dollars from Sony to reverse its fortune for PS3. It will take even more to revive VITA since it is doing worse than PS3 at the same time. 

A MH VITA in 2014 wouldn't do as much since there is another portable MH on the market already. The advantage of PSP being the only platform that has the portable MH game is gone.

The PS3 made a massive loss at launch, and the R&D costs were massive. The Vita is just about breaking even or making a very small loss, and it's made up of largely "off the shelf" components, so the R&D costs for the Vita isn't even comparable. Another issue with the PS3 was it's stupidly expensive launch price, and while some say the Vita is a little too much for consumers to be grabbed by it, it's nothing like how the PS3 was. 

Software, bundling and marketing will get the Vita selling well, and it won't cost Sony billions and billions because they aren't losing much money on the system.