After looking at the web site (http://www.phantom.net/) And at the Product Demo, It seems like this machine is going on to actual release. There have been a lot of scheptics giving the companies CEO a lot of flak, but the machine itslef looks like its done, and its FREE! Join up for 2 years and get the hardware free. To play games, you also buy them online so basicaly its a pay per play system. Games wise they offer PC games as long as they are available on the Phantoms network. No instalation, only download and play. Hardware wise it will have both keyboard/mouse and Controller conectivity. The keyboard mouse combo is unique and actually looks interesting. The Phantom will conect to a digital amp via optical (5.1), and to an HD TV like a plasma or LCD TV. Im not sure if it will conect to a monitor via RGB or DVi so it may not offer the same resolutions you get on a PC. Im still very scheptical about the whole companie but its unfair to judge the system itself before it comes out. It has some promise and it looks like it may bridge the gap between consoles and PCs. Im not going to sign up for it straight away, but if it does well after a year or so of release it might be worth a look. I dont think the CEO can do what he did with his other ventures. (ie steall all the money and run.) Since the machine is free and you get what you pay for in terms of games, the only way this could fail is if the online content fails to materialize. Those who have the machine wont be loosing anything. And since all you do is sign up for 2 years, you dont pay any actual money until the games become available to buy.