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The lack of touch controls and a camera will limit the amount of games you can play. That can be fixed though
I think when people see these games stretched out on an HD TV they aren't going to look as good. This could hurt sales.

Seems odd, with PS4 having a mobile chip and now the VIta TV announcement it seems Sony is changing from competing with MS and Nintendo to Android and iOS.

I hope it takes off though. Vita isn't a bad platform and should be seeing better sales.