I don't think it's an 'ultimate' handheld. The Vita seems more like a console on the go, and that's fine for some people -- there's a market for it, the PSP proved that. I want more out of my handhelds though, I want games that can't really be replicated elsewhere on my handheld, the 3DS is more of that than the Vita (so far).
The pricing of the Vita is pretty steep to for a handheld, you might not think $249.99 as being that expensive but it's definitely not mass market friendly. People will still buy it at that price, but only the most dedicated fans.
Sony also does not have one piece of software that's as big of a seller as Mario, Mario Kart or Pokemon -- and now the 3DS even has Monster Hunter in Japan. Sony has a large uphill battle to deal with and largely it's their own fault -- high price, arrogance that power will sell the device, releasing it a year after the 3DS, releasing it post holiday season outside of Japan, releasing with proprietary storage, etc.
In all honesty I see a Vita and I just see the same PSP without fixing any of the mistakes besides the second analog stick. That'll be fine for some people -- not me.
So no, I'm not really upset ... because this is Sony's own fault. I'd like to see it succeed, because competition is a good thing -- but Sony has no idea what they're doing, and haven't had any idea for years.
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