At the $500 - $550 range yes. What you listed will out perform the current consoles. Assuming you wanted to do that or wondered. Though if you want something that will last you a long time, you'll need to up that budget.
Signed up here on giantbomb on day one, maybe about 30 mins after we were able to sign up lol. Never introduced myself.
I'm a gamer, I started off with the genesis back in 1991 or 1992, too far back to remember which year. Jumped ship when I first got my hands on a gameboy and a copy of pokemon red. That game changed my life lol. So many hours spent playing, so much money on batteries.
Well here I am many years later. I like all consoles and handhelds. I own almost all. Don't have a Vita, yet, that's all I'm missing. :P Well if you want to know more, I'll be around on the forums here and there. Or you can catch me on the other site I mentioned.