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This was announced by Jim Ryan (President and CEO of Sony Interactive Entertainment) about 5 hours ago. The reason why these stores are not closing is because "When we initially came to the decision to end purchasing support for PS3 and PS Vita, it was born out of a number of factors, including commerce support challenges for older devices and the ability for us to focus more of our resources on newer devices where a majority of our gamers are playing on. We see now that many of you are incredibly passionate about being able to continue purchasing classic games on PS3 and PS Vita for the foreseeable future, so I'm glad we were able to find a solution to continue operations." - Jim Ryan on why they reversed the closures.

The PSP will still shut down July 2nd and I think it should as it released in 2004/2005 depending on your region. The console is nearing 20 years so there is little incentive to continue support on that console. The PS3 and PSVita still have active player bases trying to play so it would be a disaster if they shut those stores down.

Summary: PS3/PS Vita survive, PSP will die.

Sources: PS Blog and MVG
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