Apparently it'll be powered by the Nvidia Tegra X1 found in the Shield android TV thing, and will be both a portable console that docks to a TV with controllers that detach.
http://www.eurogamer.net/articles/2016-07-26-nx-is-a-portable-console-with-detachable-controllers
http://www.eurogamer.net/articles/digitalfoundry-2016-nintendo-nx-mobile-games-machine-powered-by-nvidia-tegra
EDIT: The article has been updated to include a concept of the detachable controllers.
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