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LegitHyperbole said:

A handheld capable of playing the entire PS4 library, it's own exclusives and a curated indie selection instead of the trash heap you have to shovel through on steam deck or Nintendo Switch. Do you think this rumor has any validity?  

One can dream. That'd be so awesome to be able to take PS+ catalogue and your existing library with you on the go, streaming and all. This would have a high chance of competing with the Switch/Switch 2 and take a meaningful slice of the pie. It's definitely fair better than Steamdeck and Steamdeck clones. 

price?
weight?
battery?

Even if the price, weight and battery are good, it does not compete with switch/switch 2. Nintendo's flagship games are too superior. And it also arrives 7 years late.