Considering this console comes after the Deck and the other handhelds, shouldn't be the other way around?
Btw to answer the question:
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Few exclusive titles (for now)
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Not great performance to some last year triple A game (like cyberpunk 2077)
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The damn price of the games
The answer is: Yes. Any decently performing handheld right now is a better alternative. RIGHT NOW. In a year, with more exclusive titles and ( let's hope) better game prices, who knows.