Hardware wise, it is a little lacking. There are phones now with 5" screens with 1920 x 1080 resolution and quad-core processors. These blow away the PS Vita 5" screen with 960 x 544 resolution. Luckily for the Vita, hardware isn't everything.
These are the top 10 games on the PSP:
1. Grand Theft Auto: Liberty City Stories - 7.51 million
2. Monster Hunter Freedom Unite - 5.37 million
3. Monster Hunter Freedom 3 - 4.87 million
4. Grand Theft Auto: Vice City Stories - 4.79 million
5. Daxter - 4.08 million
6. Ratchet & Clank: Size Matters - 3.65 million
7. Midnight Club 3: DUB Edition - 3.59 million
8. God of War: Chains of Olympus - 3.10 million
9. Crisis Core: Final Fantasy VII - 3.08 million
10. Gran Turismo - 2.83 million
These games were exclusives and not ports from other platforms. Since the market for the Vita is similar to the market for the PSP, all of those franchises should be available on the Vita. There are great games on the Vita, but none of them have really been huge system sellers. It needs more games like Uncharted. I know there are more good games on the horizon, but I don't see any huge system sellers. I am also surprised that they don't have a Gran Turismo game that can share car garages with GT6 like they did with the PSP.
The price cut has helped, as I saw many stores without stock. Heck, I even ended up picking up a bundle (3G model with Gravity Rush, Unit 13 and 1 year of PS+ for $199 was too good of a deal to pass up).
The "second screen" feature promoted for the PS4 looks really good. I am really hoping that Sony comes through with this, as it will mean my wife can take over our TV but I can keep playing :) If Sony markets this well, it can help push more sales along with the PS4.
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