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With 3DS out and Nintendo being King of all Handhelds so far and Sony 1st Handheld the PSP standing up to the mighty DS and Now having Vita with great specs and tech (despite selling low), Should Microsoft make a handheld to compete agaisnt the two?

In America its no suprise X360 is the #1home console (soon to pass wii's sales by next year) so should they release their own device against 3DS and Vita?

If yes then What Will It be called? How much can it sell? What it'll look like? Which Games to be Included?

Discuss!