The Ouya (pronounced /ˈuːˌjə/ OO-yah; stylized "OUYA")is a video game console running its own version of the Android operating system. Development was funded via Kickstarter, raising $8.5 million and becoming the website's second-highest-earning project in its history.
The Ouya will feature an exclusive Ouya store for applications and games designed specifically for the Ouya platform. Out of the box, Ouya will include the TwitchTV application and access to the OnLive video game streaming service. Initially it is expected to run on a modified version of Android 4.1 Jelly Bean, and be open to rooting without voiding the warranty. The console's hardware design will allow it to be easily opened up, requiring only a standard screwdriver to allow easy modding and possible hardware addons.
All systems can be used as development kits, allowing any Ouya owner and gamer to also be a developer, without the need for licensing fees. All games will be required to have some kind of free-to-play aspect, whether that be completely free, has a free trial, or has purchasable upgrades, levels, or other in-game items.
Source: Wikipedia, "Ouya", available under the CC-BY-SA License.