Thats more than the topmost Steam Deck model, but the ROG Ally is promisinggenerally higher specs.
The UK/US model will employ a purpose-built AMD Ryzen Z1 Extreme APU, powering a 7in, 1920x1080 display.
Speaking of which, one remaining area of concern is battery life.
It will, at least, be able to run a wider selection of games than the SteamOS-based Deck.
