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maverick40 said:
god help handhelds when the Ipad mini launches.

There are rumors, but no announcements. Probably not until next year so it doesn't affect iPhone5 sales.

Turkish said:
Now hopefully Japanese devs see the 1 million mark and dare to develop for the Vita!

Let's assume you are not trolling us. Then you are quite a nice fellow, hoping always for the best without many arguents backing you up. If more devs had the confidence or hopes that you have,  both PSV and 3DS would have more games widing the ecosystem of both devices. This would increase the value of handhelds, at the cost of one or another flopping game (due to the fact that they are making games based on hope rather than factibility research.

The thing is that companies seek profitability, and they need to support that on market research and not just on hopes and wishful thinking. Additionally most companies are not in the best financial situation to take risks, look at THQ, or even EA. Ubisoft may be the only big one that appears to 'take risks' but they are banking each year huge amount of money from the Just Dance series, and they canned a 3DS game (the Assasin's Creed one).

So again, no, achieving this milestone won't change the lackluster image that PSV has. A price cut, and a better reception once the games scheduled for Q1 2013, might.