Upon reflection, I feel as though the Vita TV could be a good bit of kit.

However, for now, it seems like it'll be unfulfilled. You've given some problems which can be fixed easily, some less so, and some which aren't major issues to begin with. But for as long as the actual system can't play a good number of games, then the system won't realise this potential IMO.

Again, the PS Vita can handle 1080p without problems, all it needs is a system update. It isn't implemented until now, because there would be no point as the Vita has a sub 720p Screen and no TV Out. But the PS Vita TV will get 1080p without a doubt. After all, it's faster than almost every smartphones and those things can handle 1080p while running Android which needs more resources than Vita OS. 

In short: Don't worry, there will be 1080p.

PS VITA TV any version sold out on amazon.jp!
http://www.dualshockers.com/2013/09/10/playstation-vita-tv-already-sold-out-on-amazon-japan/

That's what I was referring to

Having it use the PS3 controller (for now) for Japan who wont have the PS4 is not exactly a bad idea. If this translates into the PS4 controller at a later date + adds content (or the ability to play those other games) this would be a much better piece of equipment.

No 1080p is very disappointing though. This can be fixed with a firmware update, I just do not think it will happen. 720p/1080i for Vita games is perfect though.

PS Vita TV WILL be compatible with DS4

my only beef with the OP is the talk about the vita memory cards.
Vita mem cards were cut in price by half. Sales did not increase. Card prices were never the problem.

No I don't. I don't see how not looking at the screen while touching it will be a huge problem.....Unless there's a game that makes you do cursive writing on a line, and in that case, fuck that game.

If it comes West, it might well ship with a DS4 as standard here. I guess we'll just have to wait and see what happens. Sony are probably wanting to clear out unused DS3 components with this as no doubt PS3 shipments will start to reduce now.

I've mentioned this already but being compatible isn't the only problem, it's the fact that it's not being bundled or associated with the Vita TV. Selling a soon to be obsolete DS3 with the Vita TV means

1. A gamer that buys a PS Vita TV and wants to upgrade to PS4 at a later date can't use their controller.

2. That gamer can't bring his DS3 to play with their friend's PS4s.

3. The heavily touch-influenced UI will be bogged down by inpenetrablely lousy UI controls without things like swiping and scrolling. Navigating between the PS Vita apps and doing things like scrolling through a web browser will be clunkier than it should have been.

4. Associating the DS4 with the Vita TV is critical for establishing the PlayStation brand and strengthening consumer recognition or familiarity. You and I can tell the difference between a DS3 and DS4, but the mainstream consumer will be infuriated to know the controller they just bought for the Vita TV won't work for their PS4.