It has the 4 player split-screen, which is good, and indeed good draw-distances and very smooth. The kids will probably like that, especially as you can use the Vita as a third controller, so that's a nice boost!
I also downloaded the new Pool game this week - it's made by the Hustle Kings guys, and it's cheap but very good and smooth to play, did a bit of 'career' already. Also just downloaded Joe Danger, Velocity X2 and TxK for free (Playstation Plus) on Vita.
If I play anything by myself at the moment, it's mostly Diablo and Zen Pinball is really great still, keeps getting new tables, the amount of tables for that is amazing now.
Also got a new HDMI CEC comliant amp, which meant that I could plausibly play Rockband 3 et al again. I have just about every instrument available for that thing as well as the MIDI connector for keyboards, etc. and it's been great to reconnect that again now with my minimised lag setup. I did the manual setup thing and got 15ms for video lag, which is by far the best I've gotten so far and pretty much exactly according to specs of my TV, so that's great. The audio lag is 50ms, which I'm not sure if that's good or bad (seems like it could be better but HDMI always hasn't been perfect I think), but it's good enough. I should probably check the Dolby Surround settings, with this setup may actually be beneficial.