This thing has always vaporware from the beginning. These well known scammers using the Atari name will make a repeat of the Retro VGS a.k.a Coleco Chameleon. From El Register the best bits..
There's only one problem: it doesn't work. And by "not work" we don't mean it crashed or is having teething troubles, we mean it literally does not work. When Atari's chief operating officer Michael Arzt suggested we take a look at the ports in the back, we're surprised to find it actually weighs something: Atari knows how to mock up products.
Less impressive is the accompanying game controller which looks like an industry-standard controller – the sort of thing you'd see hooked up to an Xbox or Playstation – but which is in reality a solid lump of plastic in the shape of a controller. The buttons don't move, the joysticks are rigid. It has nothing inside."
Mike doesn't know lots of things about the AtariVCS – standing for Atari video computer system – which is odd because he's the exec in charge of it. But for those things he doesn't know, he makes up for with all the things he does know. None of which he can tell us about.
We have to be honest, we tell Mike as he explains that AMD has offered another chip that is faster and will cost around the same and so it might shift to that chip, it doesn't sound like Atari has the slightest idea what it's doing