No, we're not thinking about it wrong. The headset can be used to play games, but it won't be strictly a console (well, for some it might be). As I wrote a long time ago, the console could be the AppleTV and the entry market is Japan. The Japanese buy "consoles" for few games. We have a few decades of history showing that, with consoles that most in the "West" or younger gamers have never heard of. Few games, yet top-sellers in Japan while not selling very well if at all in other markets. Apple have tried to partner with those who could swing sales, primarily in Japan. Nintendo, Capcom and Kojima (curious how long that lasts, the guy is jumping on every bandwagon for funding that passes. Put down enough cash and he will dance at your birthday party). If they can manage to make the Japanese buy a future version of an AppleTV with Max SoC, chances other markets follow are much larger. But in order for that to happen, they need more games on the already established systems now (Macs). In theory, nothing keeps one to run macOS games on AppleTV if they buff the SoC. How that will go... time will tell.