Nvidia has today made two big announcements regarding its gaming handheld known as Project Shield. The first is that the console will now be officially known as simply Shield. The second is that a pre-order date and price has been set for the device.Shield looks like a gaming controller, but sports a 5-inch 720p touchscreen display, 16GB of on board storage, and runs a Tegra 4 SoC. Tegra 4 is currently classed as the fastest ARM processor in the world right now through its combination of an ARM Cortex A15 CPU and custom 72-core GeForce GPU. It’s basically going to easily handle any Android game you care to throw at it. The other big feature Shield has is the ability to stream games from a Windows PC, allowing you to play them away from your desk.Shield will be available to pre-order from Monday, May 20 and ships in June from GameStop, Micro Center, Newegg, and Canada Computers. As you’ve probably predicted, it isn’t cheap. Nvidia wants $349 for Shield, which is more than you’ll pay for a PS3, Xbox 360, Wii U, 3DS, PS Vita, or iPod touch.Such comparisons may not matter if you genuinely see Shield as filling a gap in your gaming needs. Basically, if you are someone who plays a lot of Android games and would really like to play your Windows games while lying on a sofa, Shield is for you and may be worth the required investment. For everyone else, Shield is a pretty niche item, and an expensive one at that.