To everyone saying the Vita almost equals an iPad 3:
Yes and no.
Yes:
The custom designed Apple A5X is about equal to the Vita SoC in terms of architecture and GPU (both use an ARM9 MPCore , with a PowerVR SGX543MP4 GPU). The clock speed is somewhat different but the SoC's are essentially the same.
NO: most importantly because of these reasons:
-The iPad 3 has 1GB Ram, Vita: 512mb
-Vita has 0.3 mp cameras front and back, iPad 3; 5MP back, 0.3mp front
-Materials are different and different manufacturing (vita is plastic overall, iPad 3 is aluminum and glass)
Most importantly - the display, the most expensive component in these electronics-
-iPad 3- 10 point multitouch at 9.7 inches, 2048x1536 resolution
Vita is 5inch touch at 960x544.
So, it's not fair to compare the two, especially price wise.
Sauces:
Processors
Vita Specs
iPad 3 specs
iPad 3 BOM
PS Vita BOM