My bad, the original Vita has an upscaler which has been removed from the newer version.
So the original version is the one to get with the video output mod (although it's via USB + PC from what I can gather).
Vita TV upscales to 1080i.
Spoiler warning:
Damn both Jaws and Cyber were in the Hangout?! Plus I think I saw Jase on here not too long ago. So many older faces have been popping up. Now where's Synthetik, Strongbad, Hypnos, and Brightside at?
A couple of guys have claimed Vita TV runs western titles ok. P4G was one particular title that was mentioned.
So the eurogamer article might be suspect.
Spoiler warning:
I'm just waiting for the Vita TV to get a release over here. We all know it will.
IIRC the games are region free but for the Vita TV you need a Japanese PSN account. So physical copies of games will work fine, there's no lockout there. You won't be able to play any digital games on it unless they're tied to a Japanese account though.
I just had to convince a guy that pepperoni was not a vegetable.