NVIDIA announced on its blog that Project Shield, the company's gaming handheld device, will start shipping in June for $349. This Tegra 4 device runs Android and is designed to run Android-based games as well as games streamed by your PC. However, the PC game streaming feature will initially be available as a beta feature, and it seems that this will require a PC with a GeForce GTX card.

SHIELD is the one device that taps into the planet’s largest ecosystem of games — spanning NVIDIA TegraZone, Google Play and Steam. Rediscover your Android games with the mobility, control and performance of SHIELD. Connect to your Google Play account to enjoy your favorite movies, music and apps. 

And GeForce game streaming, launching as a beta feature, will give SHIELD the power to access your NVIDIA GeForce GTX GPU-powered computer from the comfort of your couch. We’re working on streaming your favorite PC games to SHIELD, including great titles from Steam. 

Here’s what you’ll get: 

• Tegra 4 – The world’s fastest mobile processor delivers rich graphics and unbeatable performance thanks to 72 GPU cores, four CPU cores and 2GB of RAM
• Console-grade controller – Precise control thanks to dual analog joysticks, a full-sized D-Pad, left and right analog triggers, full-sized bumpers and A/B/X/Y buttons
• Multi-touch display – 5-inch, 720p retinal multi-touch display for high-fidelity visuals
• Integrated speakers – Custom, bass reflex, tuned port audio system – we think this is SHIELD’s sleeper feature
• Wi-Fi – 802.11n 2X2 MIMO game-speed Wi-Fi for game streaming
• Pure Android – Latest Android Jelly Bean operating system from Google, for access to Android games and apps
• There’s more – We put into SHIELD everything we would want in a premium mobile gaming device: 16 GB memory, GPS, Bluetooth 3.0, a mini-HDMI output, micro-USB 2.0, a microSD storage slot, a 3.5-mm stereo headphone jack

NVIDIA Project Shield to cost $349 and ships in June