We've been hearing rumors for what feels like an eternity about Microsoft working with ASUS' ROG division on a gaming handheld device, and we got confirmation during the Xbox Games Showcase at Summer Game Fest.

Microsoft officially revealed its newest hardware, an Xbox-branded version of Asus’ next ROG Ally PC gaming handheld.

What's really exciting is that you can download your games, remote play from your Xbox or stream from the cloud, making this more useful than PlayStation's Portal, which can only stream and play remo...