Cloud gaming? Yeah, no thanks.
If they could deliver something that I can run in my main PC and then stream over WiFi to the device, then I'd be less inclined to say "hard pass". Otherwise, hard pass.
That being said, looking at how Logitech has been... I don't know how to say it better... Ignored? With not much spark as of late? Just trusting they'll put a proper Steam Deck competitor is exactly what they need, if they do it right. Just, please Logitech if you're reading this, don't fall for the stupidity of "Cloud Gaming". Make a proper Steam Deck competitor: a PC first and whatever else second. Give it beefy specs, a great screen, proper battery life and amazing ergonomics at a competitive price. No need to make it $600 even, but at least under $1K with great specs.
Regards.