Yes, graphically. Interesting or unique games, whilst cool, have always been pretty niche. They will be outsold 10:1 (at least) by shooters, FIFA, etc, and the people who play those games will want them to look as nice as possible.
Casual/portable gaming is now totally sewn up by iOS/Android, surely? I don’t even see people with Nintendo DS any more.
I’m not saying this thing isn’t going to be cool, just that it’ll be a massive flop and prove to be the death knell for Nintendo consoles 😀