The NGP screen specs are 960 x 544 which is higher than standard TV specs but just a tad bit. So yeah it's was never going be the same power as the PS3 but because it's running at an lower resolution it doesn't have to be.
I agree with Black, I think nintendo's next move it going include an packaged title. The DS had Mario 64, and then the bigger bundles like Nintendodogs, BrianAge, Mario Kart, SuperMario Bros ect. Think it's going be the next SMB game.