The PlayStation Vita hasn't sold as well as anticipated, and there are plenty of legitimate reasons for its slow start.
For the most part, the skeptics and naysayers have a lot of ammunition, and good reason to be concerned about the future of Sony's new portable device. However, the rampant negativity surrounding the handheld reminds me very much of the first year of the PSP's existence.
The doom and gloom was even bigger for that one and unsurprisingly, many cited the same culprits: It was too expensive and there weren't enough games. Some of the more hostile and caustic flat-out laughed at Sony's attempt to enter the handheld market, especially when Nintendo had a veritable stranglehold on that corner of the gaming industry. You could find at least one article a week that predicted a premature end for the PSP and if you check around now, you can find essentially the same reactions to the Vita.
But hey, it seems to be the norm for Sony over the past seven or eight years. The PSP, the PS3, the Vita...they all face the same sort of slings and arrows, and they all end up doing just fine. The PSP ended up selling quite well and it even outstripped the DS more than a few times during the last couple of years. All told, the PSP has gone on to sell over 80 million units worldwide and that isn't exactly the hallmark of a failure; in fact, it's precisely the opposite. Of course, the Vita has the mobile market explosion to deal with so that's a whole new problem, but my point remains.
Crucifying the Vita early on, especially when haters are basically using the same arguments we've heard over and over for different Sony platforms (platforms that have done very well), seems like a bad idea. Just sayin'.