I think there won't be one. Yes, I do want one, but I'm not stupid, dedicated handhelds are a shrinking business, the Vita is the worst commercial bomb since the Saturn, the handheld can barely stay afloat, developers, third and first party, have abandoned it en masse, and Sony themselves don't seem to care at all about it, canceling pitches, announcing publicly there won't be any more AAA games for it, not even bothering to support existing functionality, and more. Right now, they are actually supporting their own mobiles more than the Vita- mobiles more than the Vita! And that is saying something, consider that Remote Play DS4 support isn't on Vita when it is on Xpera phones, consider that features like Spotify music are coming to Xpera phones and haven't even been announced for the Vita, consider that Sony actually advertised a picture of a phone Remote Playing a PS4 game with a DualShock controller, and called it 'the best portable gaming experience,' and you can see the writing on the wall even if you are literally blind- Sony don't care about dedicated handhelds, and they aren't going to bother in the future. As far as they are concerned, supporting the PlayStation ecosystem on their mobile devices in some form is their 'Vita successor.'
Of course, the issue with this is that we're not even sure if Sony's mobile division will survive that long, it made a billion dollars in losses last year, and Sony was already contemplating offloading it a few weeks ago.
All of this said, in an ideal world, yes I would want a PSP3. But I'm not stupid enough to think that we will actually get one.
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