This isn't surprising. They're trying to minimize losses, and the additional sales from a price drop may actually hurt their bottom line more. They're going to have to get more compelling software on there to get the sales up. It's just not there right now. I've said it before, but if the 3DS lineup is "weak", then Vita ranks as "awful". The sad thing is, I want one. But Sony has to give me a compelling reason to buy one. And right now, as it stands, if I were going to buy a new system, I see more from the Wii U than the Vita, anyway. Harsh, but true.
C'mon, Sony! Pull it together!