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RazorDragon said:
Price cut and a steady release of games happened in Japan at the same time, it got $200 bundle with Call of Duty and Assassin's Creed in NA and Europe and it still didn't worked. Vita is already in the market for more than 1 year and it hasn't caught on. I don't believe the system can recover from that, it simply doesn't have the appeal otherwise the situation would have changed with the price cuts and game releases like it happened with the 3DS.

That's a somewhat unfair comparison. The 3ds got a huge, permanent price cut early on. Psvita got some good bundles on Black Friday but they weren't permament. Of course they didn't do wonders, as it wasn't a hot item any more. I firmly believe that had it received a price cut ealrly one, it would have had some momentum and would be looking much better than now (speculation, I know). The major difference here is that Niny has tons of money in the bank and thus managed to save 3ds, while sony needs to keep selling building to avoid bankruptcy.