This will certainly lift baseline sales to a certain degree. I don't know where the notion of "price cuts only provide temporary boosts" came from but it's wrong. The PS3's 2009 price cut + slim combo lifted baseline sales a lot and Wii's 2009 price cut lifted baseline sales as well - sales just went down in 2010 because of a lack of games. The 3DS price cut spurred sales a lot. You just need games to back the price cut up and keep momentum high.
In Vita's case it will be a price cut + some games (at least in Japan) so sales will increase. If the price cut doesn't lift baseline sales at all it will be a clear indicator that the platform is dead - if there is demand a price cut will increase that demand. If a price cut doesn't help there's no demand to begin with. Let's hope that isn't the case. Of course a price cut won't do miracles so I agree with most of you guys on this one.
Here's hope for cheaper memory cards. Do it Sony, it'll give you at least one more customer 
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