NVIDIA is going all out with Android and its Tegra chipsets by announcing the prototype of a handheld gaming device - Project Shield. The console is aiming to compete with the likes of the Nintendo 3DS and Sony PlayStation Vita whenever it's released.

According to NVIDIA, Project Shield is capable of running Android games from the Google Play Store along with streaming games from a PC. However, this feature can only work if the PC is equipped with a GeForce GTX 650 GPU or higher, which means getting the full experience from Project will not come cheap by any means, unless you have deep pockets.

Specifications include a 5-inch multi-touch display, Tegra 4 processor with custom 72 core GPU, advance sound processing that is able to stand toe-to-toe with Beats Audio, microSD card, HDMI, and the ability to play 4k content via streaming from a PC.

Project Shield on the inside is quite powerful, but one can't deny how ugly and bulky the device is on the outside. It is quite apparent that NVIDIA is going for a console that does everything from being a home console along with being a handheld gaming device. It being a console for home use is fine, but it does not fit into a pocket so the user may have to strap it over his/her shoulders.

Nevertheless, if NVIDIA play its cards right, Project Shield could easily put the Ouya out of action even before the commercial production of the latter begins. However, Project Shield doesn't yet have what it takes to unseat the king, Nintendo.

Check out the demo video below.