This is something that has been questioned for awhile now. Many people are saying Monster Hunter is coming to the Playstation Vita, but what excatly is it?

The PSP port of MH3P is comming to Vita but no new chapter of the franchise was announced (MH4 is exclusive for 3DS for now).

they are talking about releasing it in the west on Vita instead of on PSP

That makes sense, but what Japan? They'll miss on out on... well they already had the game twice on PSP and PS3, so this verison won't be any different, and if is, how will Capcom treat the Japanese audience? We are talking about Portable 3rd, right?

Capcom Captivate is next month, so all our questions will be answered there.

If there's no monster hunter there for Vita releasing at the same time as MH4, then Vita is dead in japan.
(hey, it could die and comeback as a undead, zombies are cool)

yes P3rd

 Well they already have it on PSP. Not many would buy a new system for a game they already have on their PSP

anyone that wanted it would most likely have bought it on either PSP or PS3 if there is a version of it as you said.

They'll release 4th for 3DS, and 4thPortable for PSV.

@benao87 When do you think they'll release Monster Hunter 4, I know it's this year.

Seeing as MH3G only came out in decemeber i would say its more likey to come out jan 2013 or march 2013 then this year

I think Nintendo has paid/incentive-ized Capcom to keep Monster Hunter on the 3DS and off the Vita. 

What point is there to MH on Vita in the forseeable future for Capcom anyway? The system has a laughably low userbase in Japan whereas the 3DS is starting to amass a huge install base very quickly now. 

It sucks for Sony, but that's really not Capcom's problem. 

I think you'll see Monster Hunter Wii U announced before a Monster Hunter Vita game.