Case in point: the Xbox handheld. Rumors of some kind of Microsoft-made competitor to the Game Boy have been floating around since the original Xbox launched more than 20 years ago. And for even longer, anyone who tries to step up to Nintendo on its stomping ground — including Sega, Sony, and Nokia — gets, well, stomped.

For anyone paying close attention to the growing handheld gaming field, you may have seen a rumor or two over the last year that Microsoft is supposedly working on an Xbox handheld. It would stand to reason the company would jump on the bandwagon after Steam and Asus blew the doors off with wild success,

Rumors have been flying all year that Xbox is working on a PC gaming handheld. On Wednesday, Microsoft Gaming CEO Phil Spencer confirmed that plans are underway, though it sounds like an actual portable device is still a few years out.