Although the PlayStation Vita is receiving a price drop in Japan starting February 28th, that bit of good news did not spread to U.S. shores. When asked by Joystiq about the rumored price cut, Sony Worldwide Studios president Shuhei Yoshida simply said, "No it's not." Yoshida also told reporters that the current exchange rate is the reason for the decision to decrease the price in Japan from 24,980 yen ($268) to 19,980 yen ($214).

A $50 Vita price drop was expected by many gaming enthusiasts during this week's PlayStation meeting, but that fantasy never materialized. News that PlayStation 4 titles could be played through the PlayStation Vita via remote play obviously softened the bad news, as integrating a handheld system and a next gen console is no small feat. Currently, a PlayStation Vita costs $249.99, and a costlier model with 3G connectivity and Wi-Fi sells for $299.

Will you still buy a Vita despite there being no price drop?