After months of rumors and leaks, the second Nintendo Switch video game console was finally revealed on Wednesday.

The Nintendo Switch Lite, by its name, is not an upgrade of the original, which may come as a disappointment to potential buyers.

But the new console is more portable, colorful and, most importantly, one-third cheaper.

Here are the differences between the Lite and the original Switch:

- The Lite is handheld only. You can't connect it to a larger screen, or pull the controllers off to play with a partner. So games like "1-2-Switch" can no longer be enjoyed unless you have additional controllers, sold separately.

- The Lite features a 5.5-inch screen, which is smaller than the original's 6.2 inches. This seems bad, but you also need to look at the bright side: The Lite is about 21 percent smaller and 31 percent lighter, making it much easier to fit in your pocket.

- The Lite has a larger battery. As Nintendo claims on its website, the Lite can last half an hour longer on average compared with the original. If you play graphics-heavy games like "The Legend of Zelda: Breath of the Wild," it can last four hours instead of three hours.

- The Lite is more colorful. The original Switch's body was only available in black, while the detachable controllers come in different colors. The Lite, however, is fully painted. Currently there are three color options: yellow, gray, and turquoise.

- The controllers on the Nintendo Switch Lite are integrated. You can't detach them like you can on the original Switch. Also, the HD Rumble and IR Motion Camera are missing. So in order to play some games on the platform, you need to buy a pair of controllers named "Joy-Con," which is included in the original console.

With all these differences, the Nintendo Switch Lite does not provide the switching functions anymore, making the name a little bit strange.

But if you are OK with a handheld-only experience, or want a cheaper Switch console, the new device does provide a practical option.

The Nintendo Switch was a game-changer for the video game console market because the Japanese giant mixed the concepts of home and portable consoles. But the announcement of Lite proved that the mix is not a hundred-percent success: The company still needs a more portable option to attract more players.

So what about the home players? There are many complaints about the lack of horsepower in the original Switch. In fact, the performance of the Nintendo Switch is significantly lower compared with other home consoles like Microsoft's Xbox One and Sony's PlayStation 4. Maybe Nintendo also needs a "Pro" version of Switch to attract more home gamers.