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Conina said:

A handheld with SteamOS...so it will only play games which are

  • linux-compatible AND
  • controller-optimized AND
  • not very hardware-hungry

Additionally, they have to sell the handheld with a profit, so it will be very expensive. It's no project of Valve, who could offer a Steam handheld under production costs. There ain't even another big player behind it like Nvidia, who can afford some exclusive deals or financial losses, if the project fails. 

Yeah, Vita is really doomed.

Since it´s an independent console it may sell for like 400$ max?