It’s called the Retro Freak. As of now it’s only been announced for Japan, but it promises to play games from a number of different systems. Much like the Retron5 before it (which supported 9 seperate systems) this one has ports for a number of games. Currently the Retro Freak supports nine consoles, ten if you happen to have an NES to Famicom adaptor. The supported systems are the Famicom, Super Famicom, Super Nintendo, Genesis, PC Engine, TurboGrafx-16, Game Boy, Game Boy Advance, Game Boy Color, SuperGrafx.
The system actually comes in two seperate parts. The console itself is a small box that plugs into a much larger “adapter”. That adapter is where you plug all the games into. The console itself has a number of settings that let you adjust the video settings, including coversion/upscale settings. It has built in cheat support and supports USB controllers.
It also uses a microSD card which will allowyou to install games from a cartridge to the system itself, which means you won’t have to constantly swap out games. There is no word yet if it will come to the United States as it is only confirmed for Japan.