Nintendo couldn't afford to drop the price either. They are now taking a loss on each unit. But they will make up for it in software sales. Sony may be able to do the same.
I'm honestly curious when I ask to those who feel the Vita is overpriced, what portable device of even remotely similar size is as powerful or more powerful than the Vita and is less expensive? I'm legitimately curious, because I think for how powerful it is, it's a great value for the money.
personally i wouldn't even pay $100 for one, let alone $250. i just can't get into portables anymore.

I'm honestly curious when I ask to those who feel the Vita is overpriced, what portable device of even remotely similar size is as powerful or more powerful than the Vita and is less expensive? I'm legitimately curious, because I think for how powerful it is, it's a great value for the money.
could it really be? Best Buy shows First Edition preorders for 299 a whole 50 bucks less than retail. Sale or Price mistake??
Maybe people started complaining about how awful of a price it was. 😛 Without looking up prices, I think $299 is actually a slight deal if you want the game and the 4GB memory card.
I think it's also a mistake to discount smartphones from the mix. Ultimately it all boils down to what offers the better value, and it's the iPhone and it's Android counterparts.