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If the PS4 takes off and is a big hit, then I can see many people picking up a Vita when the hit $199 or, more likely, $149. They'll be able to stream games to it, play its own library of quality games, and play all the PS+ games Sony has been giving out (this one is why I'm buying a Vita this year.)

I think, in the end, the Vita will be perfectly fine. Probably not come close to 3DS's sales, but it will make Sony a pretty penny. It's also nice it beat the 3DS last week in Japan, even if it was for just one week.