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Cold-Flipper said:

1) I have been more interested in HH gaming in general recently because I find that they have advantages over consoles. These advantages include: they can be played anywhere (in the house too), they are quiet, don't take up the TV, can be played when power goes out, and games cost less money than console games. Plus, HH's are now capable of handling high-quality games. 

2) I have owned many systems in the past including the PS, PS2, and PS3. 2 of my family members had PSP's but I never had one. Currently, I have the Wii, XB360, DS, and 3DS. I don't play the DS at all anymore. I only play Wii or XB360 for multiplayer every once in a while when people come over. That leaves the 3DS. (My PS3 broke by the way)

3) I am really interested in playing classic PS1 games on the Vita. The 1st 3 RE games are some of my favorite and I also like Dino Crisis. I am also interested in trying out some other PS1 games that I never tried before. Other than that, I just want a HH to go with my 3DS. Portability outside of my house doesn't matter to me because I only play HH's in my house or hotel room or something. Never out.

If you are planning on purchasing digital as well as retail then I will say that yes, the Vita is worth it.  There are a lot of the best PSX games available for purchase as well as a lot of the best PSP games, although there are a lot of PSP games that you'll miss out on if you don't ever get one. 

I'm one who prefers to purchase all multiconsole titles on consoles so there are far less Vita games out there for me, but I've enjoyed Uncharted, Wipeout 2048, Gravity Rush, Unit 13, and LBP Vita.  Ragnarok Odyssey was alright, though you might like it better if you like those town hub type games where you go back to the same dungeons repeatedly doing multiple quests. 

If you like digital games then your library increases exponentially as there are a lot of cross buy games between the PS3 and Vita or Vita exclusives.  Games like Uncharted Fight For Fortune, Guacamelee, Retro City Rampage, etc.  If you happen to have Wipeout HD/Fury on your PS3 account, then it'll be free DLC for Wipeout 2048.  

PSP games are more enjoyable on the Vita because you can set up the second analog for different uses per game.  You can also set the touch screen for different uses as well.  Using the right analog to rotate the screen on games such as the GTA titles, Monster Hunter, etc.  The Vita also upscales, so the games will look better than they do on the PSP.  You might go back to the PSP afterwards and really think they were washed out compared to how great they look on the Vita.