Steam Deck shows you can definitely do PS4 level gaming in a portable.
And the PS4 has a decent back catalog.
Just not sure the market is there for people to want to play a bunch of stuff they’ve already played, but on the go. And I’m not sure they’re ready to be abandoned again after the PSP and Vita failed to really live up to expectations.
I just can’t see it working for them. Nintendo are plain better at this, don’t have a main product to fall back to when it fails to take off.