Not exactly a console, but...

Roger Kohli

Newcomer
http://www.pdatoday.com/maximumpda_more/1827_0_2_0_C/

Tapwave “Zodiacâ€￾ Handheld Gaming PDA
One of the most important things that great gaming requires is lots of CPU power. Surprisingly, it is one of the things that handheld game machines have never had. The Zodiac uses the 200 MHz Motorola MX1 ARM9 processor. This is one of the fastest processors available in the Palm family of PDAs. While it has a fast processor, the Zodiac is a great multimedia performer due to a combination of the processor, an enhanced version of the Palm 5.2 OS, and an ATI W4200 Imageon graphics processor with 8MB of video SDRAM. The Zodiac uses the X-Forge 3D graphics engine from FatHammer to provide support for 3D graphics, multi-channel audio, multi-player networking, etc. A Yamaha audio chip with built-in stereo speakers and a headphone jack provides clear, accurate sound for games, MP3s, movies, and application audio. An adjustable bass boost is available. All of these features combine to make the Zodiac one of the fastest Palm PDAs available and the fastest handheld gaming machine currently on the market.

Some nice screen shots there too.
 
At least they are focusing on the product more as a PDA rather than a game machine, they should get some sucess but not in the games department.
 
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