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I think this is fake. GPU seems just way too powerful (it is much faster than PS3 and 360 has) and using optical media isn't practical either for handhelds. And CPU isn't designed for handhelds either. With these specifications battery life would be short too unless console would be very big for a handheld. Although, in theory, this is possible.

I also doubt Sega Sammy would have enough money to develope and launch advanced handheld like this. It is just way too expensive because with current competition you would need billions of dollars to even launch console or handheld properly. And lauching a handheld is just as expensive as lauching a console if not even more so.