The problems with the Vita are deep and fundamental. Aside from the issues that portable gaming has always had (public perception) basically Sony just doesn't have the first party muscle to shoulder the weight of a system like Nintendo does. Few third parties see portable gaming as anything more than a dumping ground for shitty kids games, and with the 3DS install base so much higher than the Vitas, both quality and non-quality games make more sense for the 3DS. Not to mention that Sony is basically apathetic to the handheld.
The Vita will be a niche console, where savvier developers will bring games. Big fish in a small pond kind of thing. It will be good for people who really love gaming, but it's not going to catch on with the mainstream in any real way.
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