Went out last night and grabbed a Playstation TV bundle (with the controller, Lego Movie game and 8gb memory card). For $140, it seemed like a pretty good deal. The Playstation TV is basically a PS Vita without a screen that plugs into your TV. It works with either a DS3 or DS4 controller. Once setup it runs the same OS as the Vita and allows you to play Vita, PSP, PSN and PS1 Classics. Not all Vita games are supported though (here's a list
Setup and Vita OS
Setup was pretty easy, but the Vita keypad is clunky to use with a controller as it was clearly designed with touch in mind. There's a lot of setup panels to work through and it wants you to confirm your credit card for your PSN account. After that, it literally is the same OS as what runs on the Vita. They have tweaked a few things for the lack of touchscreen.
I have a lot of games on my PSN account that I've bought and collected via PS+. I've tested out a few Vita games, a PSP game and a couple PS1 Classics on the PS TV and they all ran pretty well. Fez plays wonderfully and my kids have pretty much taken over the thing to play it. Chrono Cross and FF7 certainly show their age on a 60" LCD, but they play just fine and I couldn't be happier. The Lego Movie game is ok, but I ran into a case where it wanted me to touch the screen to use a special move, clearly showing that a lot of the PS TV is an afterthought. I'd say at this point I have well over 25 games that I could download and play, and there are many other games available on PSN, so the library feels really strong at launch.
All of the apps that come with a Vita appear to be included with the PS TV. I haven't tried most of them, but in the past most of them were pretty useless on the Vita. A huge drawback today is that streaming apps like Netflix are disabled, so don't expect to use this (yet) as a streaming device. I can live with that as my TV already has those apps and I've got a Roku and Apple TV laying around. I think that its likely apps like Netflix work in the near future.
You can stream your PS4 to the PS TV just like you can with the Vita. The experience in my case wasn't great though. The setup is easy as the PS TV will just find the PS4 if it's on the same network. After that, it was a laggy, nearly unusable experience. I didn't have anything downloading and my network is pretty fast. Jumped on Destiny for about 5 minutes and quickly gave up. I'm going to try again, but if that's as good as it gets, well then it is a huge disappointment.
Game Rentals with PS Now
I downloaded the PS Now app and browsed the library of games you can rent. The pricing seems really strange to me. Most titles have a 4hr - 90 day rental period. The price starts at $1.99 and goes to $7.99 for 90 days. The 4hr rental seems like a waste when you can pay another $2 and get the game for 3 days. For some of the bigger AAA titles, I could see myself paying $8 or so to rent it for 3 months. I might give it a try if there's a compelling game.
I like the PS TV so far overall. I don't feel like I need to return it and it could improve a lot in the near future. For PSN and Indie titles, its a pretty sweet system. The Vita game list is lacking, but maybe they can expand it. I didn't really buy it to play Vita games, but having access to so many awesome RPGs on PSP and PS1 is pretty great. I'd give it a 7/10 today.