I hadn't seen anything about this yet. Not in the right circles I guess.
Basically this guy Mike (owner of gamegavel.com and retro magazine) bought the molds for the Atari Jaguar console and cartridge shells. He decided that, with ONLY his console molds, that he was gonna make a new system that played games through cartridges. He teamed with a guy called Kevtris who made the console's board, an FPGA that could emulate multiple systems, so homebrew devs could easily port their homebrew NES, SNES, Genesis Atari games etc.
Since Kickstarter requires hardware prototypes, they decided to fund on indiegogo witha $2 million goal (
), the system costing like $300 - $400. It failed and like a month later Mike bought the rights to use the Coleco branding and restarted the project as Coleco Chameleon, promising there'd be a prototype at this NY toy fair. Buuuut SNES controllers were hard wired into the system, Mike claiming their main gamepad wasn't working (ok...), but they were only play SNES games on it (yeeeaaaahhh), the SNES/N64/GC proprietary AV connector was on the back (Ok, no!!), there was duct tape all over the back of the console and the cart port on the system was identical to a SNES one.
After the heat they got from this, they kept denying it was a fake, so they released these newer pics, and someone compared the board in the console to an internal capture card, so they tried to trick everyone again.... so fuckin filthy lol. They could've just said it was a proof of concept, and that there was a SNES in the console. Everything would've been fine, but they still claim it was their hardware and the real thing.