Nintendo does what they want, what people on the message boards argue about doesn't really factor into it.
If you asked Nintendo fans if they'd be ok with the Wii (Project: Revolution) being only slightly more powerful than the existing $99.99 GameCube, most would have voted "no" overwhelmingly.
A microconsole wouldn't be so bad if done correctly ... something with 3x say the CPU/GPU cores and double the RAM of the handheld using the same mobile components would be super small, quiet, but still a nice upgrade on the Wii U (assuming the handheld is about a Wii U ... so 3x that). Home console games run at 1080P, handheld games run at 540p-720p, same library.
And it would be very cheap, since the handheld and microconsole would use the same components, the cost of the components would scale down quickly for Nintendo. It would be low-risk on Nintendo's part in that they wouldn't be subject to potential losses, so long as they don't do something stupid like making a $100 controller again.
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