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All I can say is it better be cheap as fuck.

And the thing is, being good enough to be a 3DS replacement isn't good enough,
they in fact don't want to retire 3DS yet because it is still selling fine and making them money,
it is the Wii U that they are immediately cutting off it's game supply, and need a replacement for.

But to be fair, while not ideal 3rd party x-platform port material, I think it can enhance Nintendo-style games...
Enough that how you would imagine a Nintendo game on a PS4 is within the realm of what this could do.
The memory compression tricks of Pascal should make better use of 4GB, and simpler assets should be OK.
I'm somewhat thinking the 25 GB/s memory bandwidth to not be including an ESRAM system as well,
and the "dubious" leak idea that the base unit has some extra RAM is interesting and suggestive of 1080p target there.

All I can say is it better be cheap as fuck.