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Nem said:
There is no reason for it at this point.

The Vita can endure 2 gens on the market. It will probably have comparable strength to the next Nintendo portable.

This all depends on Sony. I think it would be best if they stayed in the market for 2 gens with the Vita. Well... more like 1.5 but you get what i mean. There really is no point in putting out a new system until the Vita becomes a resounding sucess at least in Japan.

 

I don't believe a console can stay more than one gen in the market. There is the fresh new thing effect on a new console that simply will make people want it instead of the old device. Nintendo tried to stay more time with the NES in the market against the Genesis, using their 90% market share, but they actually had to release SNES before Sega could steal all their market share (and in the end, they still lost their 90% share and got only 55-60%).

If Vita doesn't become a sucess, the best thing to do is release a new console and fix the mistakes of its predecessor. If they release one, of course.