They are a personal device like a gameboy.
There is a TV version for party games.
The games may or may not be shareable, even with the physical games.
Assume the ideal usage is during screen time on a weekend.

I have been avoiding buying one as I don't understand them. Thinking of getting them soon.

I assume one OLED for the family and then a portable per person, then one copy of each game per device.

How is this affordable?

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[–] Cocodapuf@lemmy.world 5 points 5 days ago

And then you have to field uncomfortable questions with your kids when they ask about whether piracy is stealing. Or worse, the judgment from other parents when your kid brags to all his friends about having all the games and they don't even pay for them.