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Though the PlayStation Vita is still suffering from low sales in Japan, Sony has been encouraged by the improved fortunes of the 3DS.

That’s according to SCEE president and CEO Jim Ryan, who told MCV that Nintendo’s success bodes well for the portable market.

One of the encouraging things about 3DS’ sales performance at Christmas is that it is confounding the naysayers who say that there is no room in the market for a dedicated handheld gaming device,” he told MCV in an exclusive interview.

And to that extent we were encouraged by how 3DS did over the last month.

But doesn’t the appetite for 3DS pose a danger to Vita? Apparently not.

There are two distinct markets,” Ryan added.

The quality, the immersiveness, the richness of the experience that we believe we are going to offer on Vita, way exceeds anything that we believe to be available on any smartphone.”

You can read MCV’s full interview with Ryan in tomorrow’s issue (which should be with subscribers today) or read the full thing online tomorrow.