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I agree with Ipaq. Vita, it doesn't mean anything, I guess it comes from the word vitality? But at the same time it's too similar to Vista, which is not the best thing to remind people of. I do think PSV sounds fine though.
I honestly stopped caring about what Platform Holders call their platforms when the Wii was released. Dealing with that all this time has softened the blow of something pretty lame like Vita but at the same time ive never intended on buying this so I guess I really couldnt care either way.
Why not something that is actually relevant?
Like the Game boy went from the "Game boy" to "Gameboy Pocket" because of the form factor change, or the "Gameboy Light" because it had a lit screen? Or "Game Boy Color" because it finally added color to our handheld games?
Playstation Portable Touch?
(because of the touch screen/pad?)
It's not really the name I'm worried about, it's that ugly ass text on the bottom. It has the PS3 font for 'PS', and some mismatching font for 'Vita'. If they just abbreviated it to 'PSV' with the original font, I'd be happy as the next guy.