portable Xbox or a big hoax?

The idea of Microsoft releasing a portable Xbox console has been silently crawling in every Xbox 360 fan's head and if you own an Xbox 360 don't lie it hasn't been seeping through your head too. Youtube is absolutely full to the brim of people who have made their own Xbox "laptops". The closest thing to an actually handheld Xbox console is a controller with a screen which shows the Xbox 360 on the small screen. But come on, the controller has. to stay in range of the Xbox 36