Only way for it to work is if it is Android Powered.
If not, there is no way they can beat Microsoft, Sony or Nintendo. The reason will be the same why a lot of other consoles failed. Atari, 3DO, Gamecom, N-Gage to name a few ALL failed because they had no good 3rd party support. No third party is going to go to a new console like this because
1. They have contracts with their current partners (like Nintendo not allowing a company to put a franchise on another system in the 80-90s)
2. They most likely won't see the money in it