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Good points :)

A price cut would certainly boost sales, but what the Vita really needs is a "killer app." I'm not saying it has no games -- Gravity Rush and Wipeout 2048 are outstanding -- but it needs one of those must-have titles. Something like Grand Theft Auto or Super Mario.

As far as localizing games from Japan....I would love that. I'm itching to play Phantasy Star Online, for example. But I'm not sure how many fans are interested in those titles.

Different models and colors would be a nice feature too. Nintendo already convinced me to buy two 3DS models -- the limited edition Zelda 3DS and the limited edition Pikachu 3DS XL -- so I'm sure Sony could do the same.

Overall, I think the three most important things are 1) hardware price cut, 2) keep pumping out interesting, exclusive software -- ports and remakes aren't going to cut it -- and 3) drop the price on those memory cards, which are a huge insult to consumers.