Why I think it is in desperate need of a price cut: It currently is a more expensive console (compared to the 3DS) requiring expensive memory cards and the exclusive games that it offers are of low demand. Additionally, there are often similar games of higher quality available for the PS3 anyway, further convincing the consumer that it really isn't worth the money just yet. It really isn't any more complicated that that.
I fail to see the discussion value though, given how a price cut already has been confirmed for next year. It's not like Sony isn't aware of Vita's issues.







