For me, it's true that console gaming is better than handheld gaming before current generation (Wii, PS360). As for now, I really think handheld gaming is better than console gaming in general.
I've said that because I can find many different genre and new concept in handheld gaming than console gaming, regardless of the limitation of the handheld hardware. I think that's because the big budget of the console makes the many developer scared to try a new thing with their games. I know some of them still do. Well, I know diversity in genre and new concept doesn't translate into "better" games instantly...