I think it compares pretty well to the apple TV
Apple TV
- cheap $99 box sits under your TV
- buy movies and music from Apple's store
- stream movies, music and photos from your home network*
*only supports limited formats, may require you to re-encode your videos to be compatible
- plays netflix etc
- works as a remote display for your $500 tablet
VitaTV
- cheap $99 box sits under your TV
- buy movies and music from Sony's store
- stream movies, music and photos from your home network*
*only supports limited formats, may require you to re-encode your videos to be compatible
- plays netflix etc
- works as a remote display for your $400 games console
- oh, and it plays Vita, PS1 and PSP games