This feels weirdly too late. I can't imagine that many people in 2027 who passed on a Switch 1/2, SteamDeck, supposed other upcoming handhelds, or the ROG Ally and are looking for a gaming handheld with money to burn.
Xbox has to really bring something hot to the table, and its certainly not whatever they've been doing with their hardware/games/IPs for the past 5 years.