Today at MGC 2013, Hyperkin announced the next in the line of their consoles dedicated to playing older systems cartridges, the Retron 5.
The Retron 5 will allow players to put in the cartridges of NES, SNES, Genesis, Gameboy, Gameboy Colour and Gameboy Advanced. As well as those, you can also use the different regions of those consoles such as Famicom, Super Famicom & Mega Drive.
It does come with this horrible looking bluetooth controller but you can use your original controls for those systems as well with six controller ports available. Any controller can be used for any controller, so you can play Mega Drive/Genesis games with a GOOD controller if you want to. *trollface* You can also remap the buttons if you so wish. As well as that you can also sync up to four wireless controllers and use those if you like.
The controller that comes with it is a rechargeable Lithium ION battery and can be played within 15ft, has a "microswitch" direction pad, six face buttons & two shoulder buttons. There'll also be four LED lights to denote which player you are.
As well as that there is upscaling for both video (up to 720p through to HDMI) and audio. Apparently there will be no need to do anything to get the games looking like good unlike say plugging in your old NES. You can use save states at any point of the game if you are either someone with kids and you need to tend to them during playing or you're just a big pussy. Furthermore SNES carts with CIC or SuperFX will be fully playable.
They're aiming for a July 2013 release and they hope for it to cost less than $100. If it all works out well it does sound quite a nice alternative to owning those consoles or emulation.
See this announcement video for all the details:
http://www.engadget.com/2013/03/24/hyperkin-retron-5-plays-cartridges-of-nine-classic-consoles/