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JEMC said:

So. Let me see if I've get this right.

This is basically another Android gaming device that you can connect to a TV with the HDMI port but with the adition that you can also connect it to a PC with an Nvidia GTX card (so bye, bye AMD users) and when you do that, you can play the PC games that you usually play on you PC monitor/TV on its 5" screen or the TV...

Am I missing something?

And, I know it's in beta, but if the video linked by Godchild1020 is an indication of the "no lag" experience, then I'm ver, very skeptical

Look at the close up with the pics showing in the pad and the TV, at 00:40.

that's TV-lag(differs by TV and sometimes by the HDMI port you use) - that lag between pad and TV would be the same with any console on that TV

what's on the pads screen is streamed from PC aswell and should generally have lower latency