Is the GCW-Zero The Saviour of Homebrew on consoles ?

these days with being killed off at every turn is the GCW-Zero our only hope, the specs look impressive

Specifications
CPU: Ingenic JZ4770 1 GHz MIPS processor
GPU: Vivante GC860, capable of OpenGL ES 2.0
Display: 3.5 inch LCD with 320x240 pixels; 4:3 aspect ratio is ideal for retro gaming
Memory: 512 MB DDR2
Internal storage: 16 GB, most of which is available for applications and data
External storage: micro SDHC up to 32 GB or micro SDXC up to 64 GB (SDXC cards must be reformatted before use)

the specs look good, anyone getting one ?, surely full speed psx/n64 should be doable