This is the best summary I could come up with:

Ayaneo’s attempt to launch a bargain-price competitor to the Steam Deck has been confusing, to say the least, but the company has now published a product page that clears most things up.

The Ayaneo Next Lite will cost $299, will not ship with an official build of SteamOS but rather an unofficial fork, and come with a four-year-old AMD processor that’s arguably less potent than the one in the original Steam Deck LCD.

As reported by GamingOnLinux and Handheld HQ, it will instead have a version of the HoloISO project, which its creator describes on GitHub as something that “attempts to bring the Steam Deck’s SteamOS Holo redistribution into a generic, installable format, and provide a close-to-official SteamOS experience.” Without official support from Valve, the prospects for this device running the software well seem much further from reality than the original blog post on Ayaneo’s site suggested.

It’s worth noting that we’ve already tested an Ayaneo Next handheld with a newer processor inside, the AMD Ryzen 7 5825U, and found it lost to the Steam Deck, sometimes by a decent margin, more than it won.

The company is also advertising “vibrant colors” that include a good-looking seafoam green and “high-end craftsmanship.” It also has a port advantage with three USB-C 3.2 Gen 2 ports, including ones on top and bottom of the system, and can fit full-length M.2 2280 NVMe solid state drives, which are generally more widely available in far larger capacities than the Steam Deck’s smaller ones.

Correction January 11th, 9:03PM ET: Ayaneo’s announcement blog post states the Next Lite would ship with “SteamOS” preinstalled, however, this was incorrect.

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