DF Weekly: if the Xbox handheld is years away, what's the point of Project Kennan?

According to Microsoft's Phil Spencer, the highly anticipated Xbox handheld is "several years out" and only exists in prototype form, so what should we make of last week's news that actually, we may see a handheld later on this year? Leaks are suggesting that Microsoft has put together some kind of OEM device proposition, with Asus lined up to produce the first 'Project Kennan' handheld. In my opinion, expectations from this device should be tempered and we should think of it more as one further...