It's a sexy device, sure, but I'm not going to get excited until I see a price. No way this comes in at less than $300, and I'd imagine even $300 would them be taking a GIGANTIC loss. Let's also look at it this way... this is a company that, even after the price balking of the PS3, launched the PSPGo at $250. They don't seem real keen on competitively pricing their stuff, which leads me to make a guess in the $400-500 range, at minimum. The specs on this thing are just too impressive for anything less, which is sad.
To me, this is part of why Nintendo's strategy, no matter how much you disagree with it, works. When you shoot for the moon to have the most impressive device on the market, you might end up shooting yourself in the foot. People are right, though... this isn't going after the 3DS at all, this is aimed squarely at the iPhone/Android/iPad market. If they price this thing too high, they lose the game market, and it remains to be seen if they can even crack the other one.
Just like I said in the 3DS thread yesterday... Nintendo chose $250 partially on the basis that they had to have known that there's no way Sony could beat them in price. Looking at this thing, I'd say that was a fine call. It's just a guess on my part, but there's no way they didn't know at least *something* about this device before the price announcement.
I will say this, though... for someone like me, this is a pretty device. I know, however, that I also play my handhelds in my home 95% of the time. Something that's similar to a console that I could just walk over to and turn on isn't necessarily going to lure me in. To me, the DS was great because it offered things that I wasn't really getting on a console. Maybe I'm alone on this, but I do think there's a huge part of the market that Sony is aiming for that's in the same 'mostly play handhelds at home' boat. The question I'll have is what this offers to people in that group that makes it different enough to be worthwhile.