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Jay520 said:

Andrespetmonkey said:

 but that can be attributed almost absolutely to software support, or lack thereof and the total opposite situation for it’s closest competitor, the 3DS, which has a great catalogue of titles

This is the only thing I strongly disgree with. I'd say the most significant factor is shifting markets. I'd love to be wrong though.

I would say that's definitely a big factor, but if the 3DS was still similarly priced and PSV had a few hardware sellers I bet it'd be on around double what it's sold now. Mobile is still eating a large chunk of the marketshare, and that chunk's getting larger, but the 3DS has shown there's still a huge market for dedicated handhelds.