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Sony has the best solution for with, both with cross-buy and remote play.

Almost all home console games can be streamed to the handheld. This forces people to buy both systems, but also allows them to play graphically rich games on the go.

Then you have select games supporting cross-buy. This works better than a hybrid console since each version can be optomized for its system. Take PSASBR for example. It looks great on vita, but the ps3 version does more than render at a higher resolution. It's optomized for the platform.