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Don't agree with your point 1 , if its powerful enough I'll pay $400-$500! With that price it will be stronger than ps4 and thus get 3rd party support maybe some high profile exclusives, as developers love extra power for there games . And let's face it it will be another 4-5 years before Sony or ms release there new console. Nintendo releases this in 2016 milk it for 5 years and then next cycle release that console year or two after Sony,ms and stay at a stronger yet cheaper made console and stay ahead of competition. This also better be just a home console not a hybrid ! I think this is phase one with a hand held with similar architecture to come in 2017 thus allowing development for both future consoles simultaneously.