Installed base is way to small. I don't think they are in a hurry and I still think it will be a stripped down version (CoD) with 8 multiplayer max which isnt a big deal either.

6 million without pre-holiday price cut, 10 million+ with pricecut.

Problems its had

1) Its too expensive

2) Its all ports with no original content

Unless the COD is exclusive and original and not on any other system it isnt going to push units

Well, that's why it's supposed to be a system seller. 

Vita is not expensive. The Internet has created a false sense of expensive. Its price is excellent for it's production costs and for the value to the consumer. Its price was met with outstanding approval by the game industry when it was announced. The 3DS cutting its price so low was the catalyst that created this misconception upon the impressionable Internet and spurred countless articles to prey on people for hits. I know perception is reality but I don't like to personally subscribe to BS. It is affecting the Vita despite its truth. It will take a while before than viewpoint dies out, and just because it is there now does not mean a price cut must or will happen.

Vita games are not all ports. Uncharted golden abyss, modnation, littlbigplanet, resistance, gravity rush, dynasty warriors next, sumoin demon arts, lumines, unit 13, escape plan, sound shapes, TOM blitz, Shinobido 2, army corps of hell, etc. Some of these are spin offs, not the same as a port, but you can see there are plenty to choose from. The only ports argument is not true and is misinformation.

@Chark 3DS proved that no one is willing to pay more than $200 for a portable gaming device no matter how powerful the system may be. At it's current state, there are some who feel that the system alone cost too much and the fact you have to buy an accessory seprate from the system(memory cards), is unsettling to many. There is also competition for the system to face, like the 3DS and smartphones that are cheaper and provide either the same value(or more) at a more attractive price.

The games are there, but not enough to win people over. Sony is mainly trying to reach the hardcore to buy the Vita, but right now the game selection varies to spinoff of known game series, uninteresting third party games(depends on gamer, but to me uninteresting), and others that may be good(if not great) for awhile, but not in the long run. As soon as the list of games grow, more people will be willing to reach out to the system and will probably disregard the price as expensive. The PS3 and PSP had the same excat problems as the Vita when they launched.

It's more than people are willing to pay for a handheld in my opinion, if the 3ds was still 250 it probably wouldnt be, probably,  but it happened a now there is another equally valuable option in the market that makes vita looks expensive, so they either drop the price or increse the value of the Vita with chunks of notable software releases. I dont think this mentality is right but saddly it's the existing one and to some point we have been victim of it at least once.

And it's games, tough good, are kind of weak , many being of the niche genre. Also Sony need tomake sure their titles arent confused with ports, Without searching first some of its franchise might be confused with simple ports or multiplats like lbp, modnation,wipeout or MortalKombat, maybe because they dont really change much in art style or gameplay, but that's something Sony can fix with the right advertising or using vita's features at their max potential in their games.

@pokemmonbrawlvg

The PSP launched at $250 and that system did well. Take inflation into consideration and there shouldn't be so much concern over the price. Yes needing a memory card for game saves is an issue causing a $20 addition to the price of the Vita but it is not that significant. It should have been included. I do agree once better titles release consumer opinion will change.

The 3DS was overpriced at launch. The value to consumers was not the greatest and Nintendo's profit margins were much too high. It should have been $200 and today it is underpriced at $179. Nintendo made a terrible error with the 3DS and it's causing problems in the industry.

Smartphones are unique in price because they are subsidized through contracts and most people today view cell phones as a necessity so the increased monthly price of a smartphone is justified, but it is still expensive. Their games are also grossly inadequate currently and device upgrades are necessary to maintain relevance every year or two, very expensive. Same can be said of tablets, whose initial prices are very high compared to everything in the market while still being affected by device upgrades every year or two. But yet they all do incredibly well because they are favored as multi tool devices. The Vita is a multi tool but not to the extent as these devices and it's functionality has not permeated the knowledge of the market yet.

What kind of problems  is the pricecut doing according to you?

Well for starters it cut deeply into Nintendo's profit margins. Their stock and shareholders around the time is a good indication it caused Nintendo a lot of trouble. Despite having returned 3DS first year sales levels to DS, current sales could be better. Now Nintendo is in a situation where they most likely will not be able to cut their price any further, making their system vulnerable again to market lows. All that without the benefit of decent profit margins.

The 3DS price cut has now "established" a precedent that the Vita has to have a price cut as well. This precents a problem since it properly doesn't call for one until later in its lifecycle or when production costs are reduced. The perception of an immenent price cut could lead to consumer opting not to purchase the device. It is hard to quantify this factor but one can agree it is at least effecting the market in some way. Low sale of the 3DS and now low sales of the Vita paint a bad picture to investors, riles up ambitious analysts, and clouds acceptance of the consumer market.

So in total this whole debacle has lead to less money for console producers, game developers, and game industry investors. This is not good for gamers. I can't say what things would have been if the 3DS launched at $200 and avoided a price cut. I'd guess less turmoil and would have avoided the disturbingly low sales the 3DS had and the Vita is having now.