Ranked in these QuestionsQuestion Ranking
Pro Succeeds as a niche indie game device
There are few dedicated handheld gaming systems out there with the 3DS being the main competition to the Vita. What is nice that neither has much overlap on their content making for a good device to own even if you own a 3DS due to the library consisting of many great indie games not to be found on a Nintendo handheld.
Con Console is Dead
Sony is not trying to improve PS Vita.
Con Rear touchpad has too many accidental clicks
While not all the games for the Vita use the rear touchpad, those that do have issue with imprecise input and random touches. This can complicate games that rely on the virtual button presses as a tap may be altogether missed or accidentally done when not wanted, thus messing up ones play session.
Con Lack of AAA games
Sony, since the release of the Vita has published or produced very few AA games for the Vita, with most newer releases coming from third parties and mainly indie developers. For what is supposed to be a premium handheld Sony's announcement of no AA games to come is very concerning as to what the lifespan of this device will be,