I'm waiting for a price drop and Ys before I even think about a Vita. I'm sure it's a perfectly fine system, but... I dunno, it just feels like they don't have a market for it.
The PS3 isn't a bad system at all, actually. There are a few exclusives that are worth looking at (Uncharted, R&C, MGS4, etc.), and it's pretty much on par with a 360. They still screwed up launching it so expensive, though. And the trademark Sony arrogance reared its ugly head, as you say.
EDIT: I'll see if I can try the first chapter of FF:D. $19.99 is pretty pricey.