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pezus said:

I think they actually want to fix the Vita name. Playstation TV wouldn't help the Vita as much. Vita TV will.

Also if they only named it PS TV it will be ridicouled by having Vita as its main parts and being able to play Vita games. By naming it VTV it closes all negative argument that could arise with that and like you said help the Vita brand name too.

As for the memory cards. Doesn't the VTV support External Storages? I mean it has USB 2.0 on the back. Maybe the memory slot is for those Vita games that requires them for saving and for Vita handheld owners. That way they don't need to transfer their saves if they want to play on the big screen. Of course, this are all optimism because I have no way of confirming this theory.