Nvidia announces Shield console, $199, more powerful than Wii U, plus 1080p/60 fps streaming service

[MDMAlliance]

I'm kind of struggling to see what the point of this system is. It's cheap, yes... but even a relatively low-end PC (which many gamers will already have) can do anything this system seems to be able to do. Am I missing something? I mean, is this all the details?