well infinuim labs looks like they are really following through with there console, they even have a preorder page up on the website, supposedly the console is expected sometime near october. they have a new video up on their page, although it doesn't show the actually console, just computer rendered images. it will have a 3 ghz intel processor and dolby 7.1 surround. it didn't happen to say what amount or ram. 100 gig hdd. no disk drives of any kind. all games will be downloaded via broadband connect. the dashboard interface looks awsome and is built off of the XP embeded kernel.
it has rca jacks in the back as well as usb ports. it also has wireless keyboard/mouse and 1 wireless controller that will come with the system. it really doesn't look all that bad. the only thing i don't like about it is that you have to download the games. you can rent, demo, and buy all your games right through the system.
it supports pc games, and i'm assuming will have a few games of its own. it come preloaded with a few games that will supposedly be good, but i'm doubting that.
infiniumlabs.combe sure to sign up for their beta testing too