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bigtakilla said:

Seems like Wii U in terms of power, please correct me if I'm wrong.

If it's really a new Tegra chip, It'll be quite a bit more powerful than the Wii U's hardware. Nvidia is also coöperating with Nintendo to tightly integrate the OS with the machine. I expect around PS4 performance (which with Nintendo's optimization is quite a good thing).

Home console wise, it'll be ok, portable console wize, it'll be quite a sight to behold (imagine Pokémon on that thing).