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archnemesis
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(02-05-2012, 09:19 PM)
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Q: What is this First Edition bundle I've been hearing about?
A: It's a bundle with a Playstation Vita, a case, a 4 GB memory card, Little Deviants and it's available a week early (Feb 15). In the US it's $349.99 and you'll get the 3G version of the PS Vita. In Canada it's $299.99 and it comes with the wi-fi only version.

Q: Is the PS Vita backwards compatible?
A: You can play PSP games. PS1 Classics are not compatible at launch.

Q: Is there a discount for buying the games digitally from the PSN store?
A: There will be some kind of discount. (source)

Q: Is there some kind of UMD trade-in program?
A: No.

Q: Will PS+ members get an additional discount?
A: There will be no PS+ discounts in the US for Vita at launch. (source)

Q: Is the Vita region free?
A: Yes, but you can only have one account activated at a time and online passes are region restricted.

Q: Are memory cards region free?
A: Yes, they are. Yoshida have been telling EU users to import 32 GB cards from the US.

Q: How do I download full games on the device?
A: You can only download games directly with the Vita or transfer them from a PS3. There are currently no other ways.

Q: Can you backup full games from your memory card to your PC using the Vita and the CMA application?
A: Yes.

Q: How large memory card do I need?
A: That's up to you, but here is a helpful list of the sizes of a few Japanese PS Vita games. European games tend to be larger due to multilingual support.

Q: How do I switch PSN account on my Vita?
A: Read this post.

Code:

TITLE                               SIZE  Japan     North America
AR Combat DigiQ                          220 MB
Army Corps of Hell                       598 MB
Asphalt Injection                        724 MB
BlazBlue: Continuum Shift Extend        3180 MB
Disgaea 3: Absence of Detention         1699 MB
Dream Club Zero                         2835 MB
Dungeon Hunter                          1057 MB
Dynasty Warriors                        1485 MB
Escape Plan                                                842 MB
Everybody's Golf 6                      1100 MB
F1                                      1435 MB
Kyoukugen Dasshutsu: Zennin Shiboudesu   693 MB
Little Deviants                          869 MB
Lord of Apocalypse                      1427 MB
Lumines: Electric Symphony                                 722 MB
Michael Jackson Experience              1225 MB
Minna to Issho                           168 MB
Mojohng Fight Club                       793 MB
Monster Radar                           1640 MB
Rayman Origins                                             932 MB
Ridge Racer                              561 MB
Shinobido 2                             1057 MB
Touch my Katamari                        744 MB
Twitter App                             5760 KB
Ultimate Marvel vs Capcom 3             1350 MB
Uncharted: Golden Abyss                 2777 MB
Virtua Tennis 4                         1241 MB
Q: Is it true that most PSP games are incompatible with the PS Vita?
A: The list Sony posted here is incomplete. Resourceful NeoGAF members have helped us compile the list below. You can transfer these via a PS3 instead of downloading them from the Vita store. Please notify me if you find any errors in the lists.

Compatible, but not listed by Sony

Code:

Ape Escape on the Loose
Burnout Legends
Capcom Classic Collection: Reloaded
Capcom Classic Collection: Remixed
Capcom Puzzle World
Castlevania: Dracula X Chronicles
Crush
Field Commander
Gradius Collection
Grand Theft Auto: Chinatown Wars
Grand Theft Auto: Liberty City Stories 
Grand Theft Auto: Vice City Stories
Gran Turismo
Hammerin' Hero
Hot Shots Golf: Open Tee
Jeanne d'Arc
Killzone Liberation
Kururin Fusion
LEGO Star Wars III: The Clone Wars
LittleBigPlanet
LocoRoco: Midnight Carnival
Locoroco 2
Mercury Meltdown
Metal Gear Solid: Peace Walker
Patchwork Heroes
Persuit Force
PQ: Practical Intelligence Quotient 
Pursuit Force
Puzzle Quest
R-Type Command
Ratchet & Clank: Size Matters
Rock Band Unplugged
Sega Genesis Collection
Silent Hill: Origins
Silent Hill: Shattered Memories
Sonic Rivals
Sonic Rivals 2
The Warriors
Unbound Saga
Valkyria Chronicles II
Wipeout Pulse
Ys I & II Chronicles (works for some) (Explanation here. Hopefully we'll get a fix soon.)

All Neo Geo titles
All PC Engine titles
Currently incompatible titles

Code:

Brave Story
Metal Gear Solid: Portable Ops
ModNation Racers
MotorStorm: Arctic Edge
Patapon 3
Phantasy Star Portable
Phantasy Star Portable 2
Phantasy Star Portable 2 Infinity
Resistance: Retribution
SOCOM: Fireteam Bravo 3 
Twisted Metal: Head On
Ys I & II Chronicles (works for some)

PLAYSTATION MINIS
Age of Zombies
Heroes of Sparta 
Monopoly
Pac-Man Championship Edition
[MSRP] (manufacturer's suggested retail price)

Systems

Code:

PS Vita Wi-Fi               $249.99
PS Vita 3G                  $299.99
First Edition - US          $349.99
First Edition - Canada      $299.99
First-party accessories

Code:

4 GB memory card             $19.99
8 GB memory card             $29.99
16 GB memory card            $59.99
32 GB memory card            $99.99
Starter kit with memory card $39.99
In-ear headset               $19.99
Carrying case                $19.99
Travel Pouch                 $19.99
Protective film (2 pack)      $9.99
Card case                     $5.99
Cradle                       $19.99
Portable charger             $49.99
AC adaptor                   $14.99
Car adaptor                  $14.99
USB cable                    $14.99
Third-party accessories

Code:

HORI hard case               $14.99
HORI face cover              $12.99
HORI screen protector         $6.99
Thrustmaster S.P.F case                  £19.99
Thrustmaster V.I.P case                  £16.99
Games on PSN

Code:

Escape Plan                  $14.99       £9.99
Hustle Kings                  $9.99       £6.49
MotorStorm: RC                            £4.79
Super Stardust Delta          $9.99       £6.49
Tales from Space:MBA          $7.99
Top Darts                                 £6.49

BlazBlue: CSE                $34.99
Dungeon Hunter               $35.99
FIFA                         $39.99
HSG: World Invitational      $35.99
Little Deviants              $26.99
Michael Jackson              $35.99
Modnation Racers: Road Trip  $26.99
Rayman Origins               $35.99
Uncharted: Golden Abyss      $44.99
Wipeout 2048                 $35.99

[LINKS]

The PlayStation Vita In 2011-2012 @ NeoGAF
PlayStation Vita Screenshots | OS Level Captures @ NeoGAF
Playstation Vita wallpaper thread | Customizing dat OLED screen @ NeoGAF
near (Vita App) | Scanning local Vita chums for all dat Game Goods @ NeoGAF
Find a GAFer to play with @ Google Docs (hidden link, quote post to view it)

Playstation Vita Online Manual @ Playstation.net
Content Manager Assistant for Playstation (Windows) @ Playstation.net
Content Manager Assistant for Playstation (Mac) @ Playstation.net
Welcome to PlayStation Vita @ Playstation.blog
How to Download PSP Titles to PS Vita @ Playstation.blog

Registering access points (used by Near) @ Skyhook
How to Switch PSN Accounts on PS Vita @ YouTube (IGN)

The Ultimate Guide To PS Vita’s European Launch Line-Up @ TheSixthAxis
Playstation Vita Buyers' Guide @ Vox Games
How Sony's Big Gamble With The PS Vita Will Lead Them To Victory @ Forbes
Destructoid LIVE with PS Vita! @ Destructoid
European system unboxing video @ Game Kings
US Vita games unboxing video @ YouTube
Wallpapers @ Playstation Vita Wallpapers

The OP is a work in progress. If you feel like anything is incorrect or want to add something, don't hesitate to contact me.

Thanks to weekend_warrior for the banner and the headers! Thanks to the NeoGAF community for helping out with the correcting errors and filling out the FAQ!
Last edited by archnemesis; 02-19-2012 at 05:37 PM.