http://venturebeat.com/2015/05/08/th...-game-console/
It's not an emulation console. It doesn't play your existing NES/SNES/Genesis/etc. games.
This is a NEW console that will get its own NEW games. On actual new cartridges.
Ports and sequels to old favorites are being discussed with publishers. Cart versions of things like Shovel Knight & Retro City Rampage are being discussed.
It's aiming for 16-bit era visuals.
I can actually imagine this system finding success. "Retro" games are very much in-demand, and there's an on-going desire for "traditional" games and for physical releases. I can totally picture myself dropping more money on this thing and its games than I do on PS4/Wii U/3DS combined.