I think what he's trying to say is that NGP is a portable console, more like a portable gaming laptop than a mobile phone. It's designed to play PS3-level games, and designed to be bagged rather than pocketed.
If someone wants to pocket their handheld, make calls and play mobile phone-quality games, I figure he wants to point people in the direction of Xperia Play rather than NGP. That is, at least in theory, Sony's actual competitor for the iPhone in the mobile space.
I can't say for certain if I agree/disagree with their philosophy or approach, but I wouldn't say they don't have a cohesive vision. Sony is trying to segregate the two markets as much possible, because they have a product to fill both spaces (Apple and Nintendo don't) and they want to hammer home the difference in design philosophies between the NGP and its competitors. The NGP is portable, carryable wherever we want in a bag, but it isn't something they expect us to pocket wherever we go. If we want to pocket a gaming device wherever we go, they probably assume people will just use their smartphone.
In terms of pure convenience and portability, Sony has already yielded the market to the smartphone.
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