Last i heard, the N-gage was now more of a service(much like xbox live arcade) than a dedicated console. While the games sucked quality wise, the ngage was able to buy some high end franchises If it's priced right, has some good games at launch, than it could pose a challange Ryan
Only problem is getting developers to support it, which sort of went south with the N-Gage. Best you will see is some downgraded ports, which is sort of pointless anyway since phones already have download services.