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It has "con" written all over it, the strongest "pro" would have to be the need to only have one Nintendo console and not two, because some people don't want to buy two consoles for Nintendo games.

Revenue streams. Nintendo will need to find a way to compensate for their lost revenue for console hardware, console games, software, accessories, etc. In other words, they'll need to pull off another Wii at double or triple the scale, this is an automatic no for Nintendo. Besides, a hybrid with a "dock" to the TV will not be very affordable, easily over $200 (for a handheld, over 200 for the average consumer is not a good price) if we want Wii U like performance for the hybrid, and the "dock" will likely be a failure, what reason would an average consumer have to purchase the dock?. " combining" chips when connecting the handheld to the dock to have more power also sounds like too much of a hassle to invest in, it just doesnt sound like something they have planned. Just release both a handheld and a console, both whom share a similar architecture, and develop games for them, have similar games maybe, but each working to each hardwares' strengths, it's that simple. With their combined handheld and console sectors, they can asist eachother with their own respective games. This hybrid has far too many hoops to jump through to be a success.