Here's a video about what the Ouya is.
And here's a picture of it:
So basically, it's an upcoming open source video game console made by Android that aims to make game developing much more accessible and much less expensive. All games will have free-to-play demos and will be downloadable instead of retail. It'll also be sold at $99 USD.
As for the controller, here it is:
The action buttons being labelled as O, U, Y, and A make me chuckle for whatever reason.
Current titles that will be released for the Ouya include Final Fantasy III and Minecraft.
So what do you guys think about it? Also, are there any other details that you want to share about it? I barely know much about it myself besides what's on that video and what's on wikipedia.