First about the Stean sale: If you guys like strategy games I recommend Warlock Master of the Arcane. (
http://store.steampowered.com/app/203630/). It's kind of a remake of the old Master of Magic game if you liked that. And if you find games you are kind of interested in getting on the Steam sale it's very convenient to add them to your wish list to quickly see if there are special deals on them. Since the deals vary from day to day I tend to find some games I'm interested in to my list and then check back every now and then to see if they are on a special sale (ie 50-75%).
Regarding the Ouya (pronounced oo ya) I think it's at least interesting enough to jump in on the lowest tier. The platform they are using (Nvidia Tegra 3) is pretty stable by now and I already own two tablets which are based on it. (The Transformer Prime and the new Nexus 7.) Performance wise it's about the same as an iPad 3. (The GPU is a bit weaker though I believe.)
Just for fun I tried plugging in my Transformer Prime to my TV and plugged in a 360 controller to it just to test. And it works quite well. Unfortunately only a few games support controllers and the game I was playing (Shadow Gun) isn't very good.
I'd say it's somewhere between an Xbox 1 and 360 in graphics. But this is with games which are not really high budget. It wouldn't surprise me that if someone say down to actually push the platform they could do some pretty impressive stuff on it.
What I hope we will see on it is some fun indie games. As a developer myself (not for games) I can say that there is a very big gap between developing for mobile platforms and consoles. If you are a small team, or doing it as a hobby, mobile platforms is your only option besides PC. And really, I think the goal of this product is mostly to bring all the fun small games from PC and mobile to a console.
Looking at the type of games which the people on the Kickstarter is clamouring for I'm not sure if the rest of the people there are on the same page as me. But whatever.
I also don't think that producing a console in 8 months is quite as impossible as Shipwreck might think. From what I've understood he's in the aero-engineering business, which I believe runs by pretty different rules. I've worked for many years in mobile industry and 1 year per product is pretty slow here. (And that's assuming you have many more than 1 product to work on at the same time.) IIRC the new Nexus 7 tablet from Google/Asus took 4 months to develop. Granted, they have people who have used the Tegra 3 platform before, and they have experience in manufacturing tablets etc.
If they have the right people working there, I think they can actually pull it off. But it's not going to give them a lot of extra slack. And it does depend on how far along they are. (I would assume they have working prototypes by now, because you can make that pretty much using off the shelf components.)
All that said, I didn't go for a "pre-order" on a full machine. But that's mostly because I already pretty much have that same setup at home already. And also because I have too few HDMI inputs.