KungKras said:
As I precicted a few months ago about how a compeititor would fare against the 3DS:
It will be like if the Dreamcast launched AFTER the PS2, this will get ripped to pieces. (unless Sony pulls something REALLY REALLY impressive)
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In an extreme circumstance, if Sony handles this perfectly, it could be the relationship between the Xbox 360 (launches early, rave reviews, enormous amounts of third party support, and even more first party support than the 360) and the Wii (laughed at, ridiculed, weak hardware, trounces everything for three and a half years).
But I really don't see Sony doing what Nintendo did with the Wii. So, while your analogy may be a little extreme (It's not going to send Sony out of the business), I can see where you're coming from.
But I hope it's closer to the first, because the PSP wasn't a bad console, it just used a terrible disc format, didn't have enough buttons or analog sticks for what it was trying to do, aimed at completely the wrong audience, and was thoroughly outclassed by the DS.