Summarized from a yahoo news post:
Releasing December 6, the Neo Geo X Gold Entertainment System is a $200 handheld that plays classic Neo Geo arcade games. In addition to the handheld itself (which boasts a 4.3-inch LCD screen), it comes packaged with a standard-sized joystick controller, a dock that connects the handheld to your TV, and 20 pre-loaded Neo Geo games.
This is a legit release (it's being made by Tommo in conjunction with SNK Playmore) and packs a pretty nice assortment of games:
3 Count Bout
Art of Fighting II
Alpha Mission II
Baseball Stars II
Cyber Lips
Fatal Fury
Fatal Fury Special
The King of Fighters '95
King of the Monsters
Last Resort
League Bowling
Magician Lord
Metal Slug
Mutation Nation
Nam 1975
Puzzled
Real Bout - Fatal Fury Special
Samurai Shodown II
Super Sidekicks
World Heroes Perfect
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What do you guys think? I knew like one kid with a Neo Geo in middle school, but he was a jerk so I never got to play any of them hands-on except at one arcade with one of those multi-game cabinet set-ups.