Dammit Sony, you just had to improve upon it and then you went and fucked it up with the Vita :/
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A umd drive in a vita would've been ridiculous.
Any digital purchases made on the psp store were honoured on the vita and you didn't face to but them again.
Even so, nowadays it's just straight up the better option with adrenaline being able to play every PSP game natively, not emulated. The vitas resolution is also a straight 2x scale so the scaling is perfect and allows for an LCD grid shader if you want it to look even more like a PSP.
I tried playing my PSP again a few days ago but that display has deteriorated soooo much. The constant motion blur like qualities is insane. It was already bad when new but it's almost unplayable now and you'd be hard pressed to find a PSP anywhere near what it looked like on release now I imagine.