I have to say, the name is an appalling choice. They could chosen several much better names. I’m not even going to say/type it.
Me, I’m calling it TD, for “That Device” and pronounced Teddy.
I was so put off by the name, I haven’t paid attention to the details, but what it sounds like is an oversized iTouch.
On another note, kudos to the Pres for such a right-on speech. I especially like this point: y’all up in Washington on our dime, we put you there to make things better. If you’re not changing things you’re not making them better. ’Nuff said.