TheInquirer had a chance to see the Phantom console which is supposed to arrive sometime in the middle of 2005 but with a different concept from existing Xbox and Playstation consoles. Actually the company calls this device a broadband receiver with integrated on demand game delivery service. It is digital receiver but you can play games on it. It should cost between $199 and $299 and it's equipped with not latest greatest Geforce FX 5700 core. It should be "enough for some games". This console is very close to PC and it will use PC games. They haven't asked about the CPU, yet, but they know it has 80GB of storage.

Update: GameSpot has some CES impressions of the console.