I'm kinda bummed out about the Playstation Vita.
When I first saw the trailer, I thought "Well, that looks promising".
Then I saw it used touch screen technology. I can't stand playing touch screen games. That's why my iPod only has music and movies on it. It still looks cool, but I don't think it's backwards compatible with UMDs and, as I already mentioned, the touch screen.
Why can't Sony make their systems backwards compatible anyway? They could probably make more money, and so could we, by being able to sell our old consoles...