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Soundwave said:
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.

The idea of playing Xenoblade 3D in 2D and blown up on a big screen while my Wii copy cries in the corner makes me feel a lot giddier than it has any right to.