http://www.phantom.net/

I just read an article about it in Electronic Gaming Monthly May issue, that a company called Infinium Labs is launching a broadband only console, by this Christmas season. Now the info I read was unbelievable. They say it will be able to play PC games built into the system, games downloaded from Infinium servers, or pay-per-play subsription. Here are the specs
OS- WIN XPe
processor - 2.0+AMD or Intel
256-512MB ddr ram
high capacity hard drive
Wireless NIC, controller, keyboard, mouse
Dolby Dig 5.1

And it will cost, get this, $600+