I've never owned one, but if it's Android I can assure you it will. Do your research first though, it varies with devices.
But before going cold to that device, evaluate what kinds of games you're planning on playing on the go. If you're not going to play twitchy 8/16 bit games, then a powerful Android device shouldn't be that bad in terms of lag for the games you do want to play.
I'm happy to give up playing a few games in my library if it means the rest of them play well in an ultra portable form factor. Everything is a compromise.