Jason Schreier:
Sony has told Kotaku that there will not be a North American version of the UMD Passport program, which would allow PlayStation Vita users to transfer their PSP discs to the upcoming handheld.
Disappointing, but predictable. I imagine the infrastructure it would take to implement this sort of program is just not worth the niche, one-time market that it would serve.
Frankly, you’re better off just playing the games on your old PSPs. I mean, would you really want to pay an additional $6-$15 per title to transfer games you already own to a new system?
via Kotaku.