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The 3DS shows that dedicated handheld systems have a place if the maker actually gives a damn about the platform and supports it with enough exclusive content. In the current climate 1st party games are more important than ever as 3rd parties can't be relied on to bring exclusive (or any) content to portable consoles.

 

It seems to be that Sony sort of knows how to make a probable console successful (all things considered), they just don't feel like doing it.