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I do sorta agree with him.

Holidays are when consoles/handhelds really sell.
Vita hasn't had one yet.(It launched late in the holiday in Japan).

But that is still not a good excuse. Vita is selling HORRIBLY. Holiday or not holiday...sales should be higher. The content is there and there is great content coming this year. If it doesn't manage to sell with a holiday and great games, then there's really nothing that can be done.