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I really don't think NX is really one singular product either.

It's not a handheld or console ... it's a line of products that share some/many of the same games.

NX tablet (portable), NX handheld (portable), NX console, NX VR console?, etc.

Remember when Iwata said if they went this approach they could actually expand the number of hardware form factors?

That's what NX is. It's not one thing. It's multiple hardware devices. "NX" is even not all that subtle of a hint at it ... Nintendo X = cross (cross of the platforms).

If NX is just a console or handheld ... why not just say so? When the Wii U (Project: Cafe) and 3DS were initially announced Nintendo clearly dilenated them as console or handheld ... yet NX ... they're not willing to specify a platform. There's a tip off right there.