Probably, but from my perspective it is just amazing

In terms of market share(which is what failure refers to) I doubt NGP will follow suit. The tech sounds amazing and online seems to be great.  I'm thinking this will be a brutal fight of a portable gen unseen from competitors since SNES/Genesis.  3DS will have a head start, but I'm not going to count out NGP.

Btw, ngp surely is a codename. 

Considering it comes out so long after 3DS and will from the looks of it be really expensive i think it it's in a worse position than PSP

Wuat are you guys talking??  seriously, this device is going to rock! Look at the games... Uncharted, Little big planet, Killzone, Resistance, Call of duty, ALL these games are System sellers, hell, people are going to buy this one 5million times just for Call of duty, let alone the other games, and I predict this for just the holiday season!

Now that Activision is on the train, be sure other developers will follow, because activision shure will spend lots of dollars/euros/and frankos on advertising this call of duty, I personaly dont care much about cod but the support alone is pretty amazing!

In my book killer apps are games in 10-20M sales range. For now nor 3DS (outside of Nintendogs, and even here I'm not convienced it will do as good as it's predecessor), nor NGP have games of this scale announced*, though no doubt that strongest from both lineups will do extremely well (quite possibly that they'll very close to their console counterparts), since at launch pretty much every even moderatly popular game serves as system seller, but the effect tend to decrease with the lapse of time and only really BIG games may change the situation. Think for yourself, who will have better chances in delivering that kind of software, Nintendo or Sony?

So in the end of the day recent presentation doesn't change anything, except for the fact that it proves once again that excitement of the internets means nothing. People have praised 3DS previously, hated it later for numerous reasons (be it price, battery life or whatever), people praise NGP now, will hate it later =)

*And mind you, Call of Duty on home console is one thing while on portable is totally different. Not to mention my horrible experience playing online via 3G.

well if the ports have cross-platform cloud enabled saves and play similarly, i think this could be awesome.

can't finish that new game cause you're going to be traveling? no problem - sync up your saves from your PS3 and go for it.

The same holds true if your wife's watching figure skating and you want to do an enduro on GT5

could be awesome if the games themselves are not heavily modified, just scale down the graphics, remap controls etc.

it will need a shed load of casual-friendly and gimmick games to really thrive though imo

Its not just ports, they had Gravity and Little Deviants.. 

They have other titles im sure so give them a break for now

Really?

we will see in e3 11.

3DS will get monster hunter, metal gear, resident evil, etc...

But NGP will get those titles too!

IMO, NGP  doesn't have only pretty graphics. The gameplay is intuitive, innovative and VERY dynamic, as seen on the uncharted demo. 3DS doesn't have the advantage of gameplay(touchscreen) anymore.

You make some really good points here.

I think the price basically HAS to be prohibitive.  Can Sony really afford for this to be a loss leader when competing with, not only legacy handhelds and the new 3DS, but also smartphone gaming???  $300 .  Good God ...

Also I really don't think that console-lite games are going to appeal to anyone but the PS fanbase.  Is that enough anymore?  

The PSP is far from a failure, but to sell so much less than its weaker competitor sure made it look like one a lot of times.

Regardless of how you spin it, or how the situation might change in the future it's already drastically different from what it was in 2004. At the beginning DS got nothing, zero, nihil, dipshit compared to PSP. PSP got full-blown GTA (!) a year after launch, while the best performing third party title on DS in 2005 was Sonic Rush =)