The docking station and joystick are nice but I think their purpose is to distract you from the fact that this is a basic handheld emulator, not worth the asking price.
I admit that the styling looks nice, but there are many similar products on the market which emulate multiple systems, have TV out and can be used via external controllers through USB OTG or Bluetooth etc - and they cost half the price. Not to mention all the Android based handhelds with WiFi, internet, email access etc.
$200 isn't an insanely bad price, but it's a lot of money for very little functionality.