That's all it would have in its library unless enough developers started making good games for it. Did you not notice how all the games on the dashboard are existing Android games? I'm going to go ahead and guess the effort it takes to get a pre-existing Android game up and running on this hardware is about ummm zero. I mean, the dashboard is just a mockup, but the lady said the game's got Minecraft and whatever. The Canabalt dev was there to say his game is on the system too.
I don't see many developers jumping on board, really. That's my guess. People have already started abandoning Android as a platform. For developers to be attracted to this device, a bunch of people are going to have to jump on board and show they're willing to pay for these games (solely through microtransactions, by the looks of things). I can't see all that many people buying a $100 device that will probably be (or seem to be) limited to Newgrounds/Kongregate/XBLAI-tier games. Cos if these niggas were putting any reasonable amount of effort into their games, they'd probably want them on XBLA/PSN/Steam/WiiUWare???