Had they done the less stupid thing, and stuck a PS TV in a PS1 case with either an actual selection of games or access to PSN, I'd have bought one in a heartbeat.I wonder how much of this you could count as a backlash to the poor emulation, the PAL games, etc.....
If it were a solid AF emulation device, would it have sold much better? Word of mouth does matter a lot, I guess, but it also might just be that nostalgia for the PS1 isn't quite what it is for classic Nintendo consoles.
Instead I just point and laugh.