Nokia re-entering handheld gaming arena, looks to beat Sony and Nintendo

Nokia, those folks responsible for the near-useless N-Gage system, have apparently learned from their mistakes and are looking to take consumers away from Sony's PSP and Nintendo's DS. According to the company, publishers and developers have already signed on with their next-gen wave of mobile phones. According to Nokia's head of games for UK and Ireland Martin O'Driscoll, gamers will be forced to choose between Nokia, Sony's PSP, or Nintendo's DS:

"The consumer will have to make a decision: does he wants a standalone gaming device with a limited browsing capability or a phone with an MP3 player, a camera and a bloody good games platform? I think consumers will be prepared to spend £300 on a phone that offers all those different things rather than £100 to £150 for a standalone games machine."

So how do you feel? Given the DS' library of excellent games, something we've always thought made the platform, should it really feel threatened by a company's second attempt at creating a viable handheld platform? Even one that will, supposedly, have twice the amount of features for almost twice the money?