Pretty much. The PSTV does emulation (PSOne, PSP), PSVita games, PS4 streaming, PSNow streaming and multimedia, among other features. The 3DS lags behind technologically, nobody wants to watch YouTube at 240p on an HD screen, let's be realistic here, the 3DS is just not good material for a micro-console and a 3DS player would not be able to compete in that market. I can see it being semi-successful as a Wii U add-on utilizing the gamepad as the bottom screen and the TV as the top screen, but even in that format it would have limited appeal.