Looks like a pretty cool idea. Here's the kickstarter link:
http://www.kickstarter.com/projects/ouya/ouya-a-new-kind-of-video-game-console (http://www.kickstarter.com/projects/ouya/ouya-a-new-kind-of-video-game-console)
Apparently it'll b e out sometime in June.
http://techcrunch.com/2013/02/05/ouya-android-game-console-to-launch-at-retail-in-june-with-amazon-best-buy-target-and-gamestop/ (http://techcrunch.com/2013/02/05/ouya-android-game-console-to-launch-at-retail-in-june-with-amazon-best-buy-target-and-gamestop/)
It looks cool. The interface is an awful lot like the Xbox UI though. And tbh, I don't think it'd sell too well. Depending on the release date of it and the release date of the Xbox 720 (If that is real and not a hoax) it could have some serious competition and might not fare too well on the market.
I think the Ouya is the way of the future for gaming, I believe it will have its market and especially since its open source, it does not need to be hacked to run open software or homebrew. Think of system that can legally play, PSX, PS2, SNES, NES, Old style dos games, all on one little box. If Microsoft goes with its purely online gaming system, which means you have to be online to own or even play a game, I certainly wont be buying.
Ouya for me all da way :D