Howard is definitely right here. Games sell consoles. Not the other way around. If this console even sees the light of day, it will launch with a couple lame games or (at best) games everyone has already played dozens of times.
The Ouya came the clostest to pulling off this off and that turned out to be a train wreck.
I like Coleco and it's neat to see that they want to release games on cartridges. Making an attempt to recapture a nostalgic era.
BUT...physical carts make zero economic sense this day and age. Heck, the industry is already trying to kill off all physical media. Why would they go all the way back to carts?
And how are you going to convince developers to release a new game on cartridge, when they can easily and instantly distribute it digitally on PlayStation, Xbox, Nintendo and PC? Even mobile phones are competing with this thing.
It's going to have to make up so much ground so quick that it will find itself behind befor it even got started.