The Vita in its current form is not from this decade. The dedicated handheld market is rapidly becoming niche in the face of smartphones and tablets, it will be too little to sustain 2 competitors. The plan I'm envisioning would still hold on to the dedicated handheld, while at the same time transform the smartphone and tablet market, creating a bridge between the 2. Sony didn't anticipate this, but its not too late to react.
What needs to be done: Vita won't be a single handheld anymore but a series of products: a smartphone, a tablet and a dedicated handheld. 1 central OS and games require support for the oldest hardware, Vita 2011. My plan envisions these products to be better and faster each year with newer iterations, while not discriminating the oldest products in terms of gaming. Why not? A smartphone years down the road will inarguably have better hardware than the current Vita, if games were not made with this in mind, the Vita I'm holding in my hand would have problems. The current Vita is more than capable enough to display great games. However the newer products will inevitably outpace Vita in terms of hardware: more ram, better quadcore cpu, more ram, better camera. In my plan these are trivial things to gaming but necessary for the Vita smartphone and tablet as a whole, since people will do more than just gaming on these devices.
New iterations each year:
Xperia Vita smartphone in the mid range segment
Xperia Vita tablet in the mid and high end market
2 Vita handhelds, cheapest loses OLED screen.
Xperia Play didn't do good, it was awful, it was too expensive, a cheaper Vita smartphone at 299/ 399 would do much better with better games to support it. Sony Ericsson doesn't exist anymore, it would have a much better chance (and design) this time.
The OS needs to have integration with Android, it needs to tap in the thousands of Android games and apps. The current app support is horrible. We wait months for a single app to come out. This needs to change.
The creation of the Vita ecosystem. In order to achieve this plan, the Vita would need to be placed under the good care of the Mobiles division.
