Im buying one right away... and am going to try an avoid all the OMF updates as possible. As we all know when you update update update you can miss out on them important hacks lol!
And yes in a few months time we could be looking at some pretty powerful hand held devices like phones and tablets and what not but for me I don't care if I have the latest and greatest graphics and speed... i'm still playing games that were launched with the PSP lol. Everyone and awhile I fire up an SNES emulator and play some classics... I also like the old school RPGs and a few JRPGs so for me the PSP is perfect because there are tons of RPGs on the PSP. I'm hoping there will be an abundance on the Vita as well...