I have both! A couple PSPs actually. The Vita is better for ALMOST everything—I have the OLED model, and it can play PSP and PSX games. My one complaint: the buttons and D-Pad on the Vita are not anywhere near as good as the PSP for my favorite portable game: DJ Max Portable. I had modded my PSP’s buttons and D-Pad as well, so they’re extremely sensitive.

For any other game, the Vita is the clear winner. It emulates much better, and well… it can play Vita games!