I bought a VITA day one, and, while I wish the support for it had been more consistent, I don't regret my purchase. With this pricecut, as well as the reduction in memory card prices (have they said how much they'll cost?), now (or at least whenever the price takes effect) seems like as good a time as any to get one.
As for the future of the VITA, it seems like they're moving towards providing indie titles as opposed to the big, "console"-esque games that were present when it came out. They seem to have a strong library of games now (Thomas Was Alone, Spelunky, Stealth Bastard Inc. A Clone in the Dark, Guacamelee, etc.) and it seems like quite a few upcoming smaller/indie PS4 games will be available for both systems.
Basically, if you like indie games, or at least aren't necessarily expecting massive "AAA" games, then this seems like it could be a good choice. While it does have those sorts of games (Uncharted: Golden Abyss, Gravity Rush, Persona 4 Golden, etc.), they haven't occupied as much of my time as some of the smaller ones.
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