I'm not going to jump on the gossip bandwagon here, I'm just going with what we know: how the console looks. It looks like something we would see from a early 90s CD-ROM based console like the 3DO or Philips CD-I, except even more ugly and unattractive.
I also have a small nitpick: I prefer consoles that are set up vertically, as it leaves more space on the floor, but this big piece of crap is going to take up a lot of precious space.
Really that's all I can say about the console right now. But who knows, it may be a great piece of hardware.