iPAQ as Gaming Platform?

Geremy F. asks: "What prevents the iPAQ from being an awesome handheld gaming platform? Since it's selling so well, a market (with volunteers) seems feasable..whether the choice is develop iPAQ games for Windows, Linux or custom micro OS it seems like this would be a good opportunity for someone to break into the gaming market. Think Xgalaga on the iPAQ. I'd be interested to help out if anyone wants to actually do this." Geremy also has a few more points to add to give strength to his line of reasoning.

"I'd like to make a point out a few things, if I may:

1. The iPAQ, with it's 206Mhz processor and 32M of ram is to a gameboy what a cray is to 486[DX] (well, not really, but almost)
2. The iPAQ has a nice big color screen, 4 buttons, and directional pad type control as well as a speaker.
3. The iPAQ, with enhancement packs has support for compact flash and or PC cards
4. The iPAQ has flash memory with enables it to run OSes/platforms other than Windows."

Do you think the iPAQ has a chance at becoming a new game platform? Let us know what you think!