It's a Vita chipset thrown into a box for $100 or so. It plays Vita games + streamed PSNow stuff + PSOne/PSP classics.
To be honest if Nintendo had something similar I think it would perform a lot better (3DS/DS/GBA/SNES/NES games + streamed Wii U titles for a $100 box?). Sony just doesn't have the "horses" to push this concept as their handheld division is much weaker.







