Ok, I bought one of these last night at ToysRUs. There were only four of them, and when scanned the date said 0/0/00 so the guy had to call his manager over. She said the actual release date wasn't for another few days but they rang me up anyway (muttered something about they'll have to keep the other three for promotional something or other?).
Anyway, the controllers are the main reason to get this. They feel very similar to the originals but have softer side buttons and I think the disc might be a *bit* smaller? The keypad feels great, and they plug in to the front. Yellow and white RCA style cables are hardwired into the back, and the whole thing is small, light, and cute.
The included Baseball game can be 1 or 2 players, and this game and a handful of others include overlays. It's missing the TRON games and Burgertime, but most of the favorites are there. I look forward to teaching one of my kids how to play Sea Battle

I'm going to find dig out my old system today to see how the old overlays fit.