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Until they completely iron out all supply issues where even a soccer mom call walk into absolutely any store at any time anywhere and never have to worry they might not have PS4 stock, then yeah, it's a bad idea to waste any of that stock on such a costly bundle.

That said, even afterwards I don't see much reason to bundle if the bundle isn't $500, and taking a $100 cut on every Vita (or PS4, I suppose) seems like a really bad idea given Sony just barely got the sector stably profitable.

Obviously ratchet up your marketing and software efforts SCEA for the Vita, but otherwise it's better to just be happy with the PS4's monster sales, and continue focusing on keeping the Vita as a nice little profitable, sustainable blunder.