The vita needs system Sellers.It needs a grand theft Auto,A Final Fantasy,A Monster Hunter,A kingdom Hearts.Lot of the games on the vita are not bad but they are also not jizzworthy that makes me fork 250.The vita needs its mario 3d and pokemon

With PS3 it eventually worked!   

Cant agree more. Whyle games like Gravity Rush amazes me the average costumer is more amazed by a Call of Duty or GTA game. ( Sadly)

So let me say maybe 50 000 people are willing to buy a vita sometimes for Gravity Rush but there are more than 1 M people who would buy a vita just for Grand Theft Auto.

After billions in losses. Can Sony afford something similar right now? Obviously it won't be the black hole PS3 was, but if it doesn't sell much more than it's selling, it won't recover the expenses, and Sony needs every yen they can earn.

So the answer is in what you wrote, if Vita can turn profitable in reasonable time, they must not ditch it.

Lemons and lemonade, yes. The question is if Sony has time and patience (AKA money)

Games are already under development, until a price cut won't be viable, they're the key to make PSV profitable overall. As long as games won't be in larger number, Sony should carefully time their releases and avoid like the plague repeating the horrible mess they did with LBP launch, for example.

3DS and PS3 had a slow start too...
So I think Vita still has chance to rebound... But it all depends on softwares...

Nintendo platforms always have a few evergreen titles selling over years...
But I do not see any evergreen titles for Sony platforms which could sell over 1 or 2 years..

The problem is that Sony is selling the PSV at such a loss that they said the system won't be profitable for another 2-3 years!!!  Seeing how many Sony Style stores are closing and how low the company's stock is at the moment; I don't see Sony letting the Vita live past this holiday season.  You guys have to remember that Sony is also readying another system launch that could sap additional resources to the battered company!!!  I'd rather see the Vita die than have Sony face obscurity after launching the PS4 at nothing less than  full strength! This is the last holiday the Vita will have unless Sony changes their fortunes soon.

Well sales have hit rock bottom, now flying below the PSP, (according VGChartz)

This is worse than I ever imagined possible for such a nice piece of hardware, if this continues 3rd parties won't support the Vita, that will fuel a downward spiral for Sony new baby.

I hate to say it but I think Sony's PS Vita is dead in the water.