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They said the opposite of that when Type-0 was first talked about. They were like "this is for western audiences". I remember, because right after that people talked about it being an homage to Harry Potter until it was debunked. Also, Persona games seems to be the main seller on Vita as I hear around the forums. I'm with you that Square should stick with PS3 and 4 for now, but I just want Vita owners to get something too. Doesn't feel right for me to get what I want and ditch them.
I don't think it's as much a lack of confidence in the Vita as that they have more of a chance if it's on two consoles than one (as in, both the next-gen consoles), and a third, handheld version would be an additional cost. Doing PS4 and XBO versions don't incur that much together, as the system architectures are now so similar. They probably also figure that this is a more niche release, and those who were likely to buy on Vita probably already own one of the two new consoles, as they'll be pretty hardcore gamers.
It can, and the mega budget release would've just been to digitally put out the PSP release with text translation and Japanese voice. For whatever reason, they decided not to go down that path. It's more expensive to do the PS4/XBO port, but they can also sell a lot more copies potentially and for a much higher price there.
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