As an idea, this is great. A budget entry-level version of the console just lacking the bit that had The Sun etc. claim caused eye cancer, which damaged the console's image in the view of parents. This is perfect as we enter the world of Pokémon X & Y.
Name wise, it's absolutely and utterly horrible. Nintendo made a stupid decision by not calling it the 3DS Flat or something like that. I get why they did it, to remove the connection of 3DS and stereoscopic 3D, but it's going to cause more issues than possible.
The other stuff, such as lack of a second stick is irrelevant and counter to the point of this iteration.