I'm personally excited about this alot, I love my psp. I would never consider the psp a flop, it might not have sold as much as the DS, but it's a great device and its game library is also amazing. I have high hopes for what this new Vita can do and for the games it will get.

As for the price, it is expensive, especially compared to the Wii, but let's be honest, nothing's cheap anymore. The 3DS is, if I'm not mistaken, is also $250 and true, you can wait, but the point is games and consoles are getting more and more expensive as time goes by.