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This looks like a failure in execution and in functions.
It's way too slow to be usable, if I judge by the promotional video.
And functionaly, it just makes no sense, at all. There's no sense in putting your phone on a table to then use a GUI that is slower and less convenient than if you used your phone's screen.
Even the photo and video management doesn't make sense. This makes double use with the TV, and less people can watch it.

I see this as another spectacular MS failure.