Control options are the key. The Vita can do every game the iPhone can do (touch, location and gyro based), plus it can do any game the PS3/360 can do, and it can do new games that iPhone, PS3, and 360 can't do that utilize rear touch, augmented reality and portable twin-stick plus a number of buttons.
We are definitely only seeing the first round of games and I expect the options on the platform to expand tremendously in the next year.
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