PS Vita arrives next year. Designed for gamers. You’ll be able to play all the PSP titles, minis and all the PS1 classics, but disappointingly the Playstation Vita will not be compatible with any Sony PS3 or PS2 titles.
I personally hope this will change because in order to compete with iTunes, which Vita is supposed to do, it will need something to give it an edge over the Mac giant.
One new feature on Vita will be the Play Station Suite, which is an android compatible digital outlet, and this is exactly how it means to compete with iTunes, who already frequently run easily accessible free trial promotions of games. Alas movie streaming would be a valuable asset like that enjoyed by love film ps3 users but the device is purely aimed at gaming.
Meanwhile Apple move on with iCloud aiming to make physical media almost obsolete in the near future.
Sony need to compete and I hope they’ve got more up their sleeve for Vita before the iCloud breaks and washes away the memory of PS Vita before it’s even out of the startin blocks.