It kinda looks like the casing for a Wii and a PS3 went though some Fusion and then they through in a Kinect for good measure. Looks they got everything covered except the software... and maybe a controller with some actual buttons and stuff
pre-post edit:
Looks like it may have a controller and games after all
“[ISEC] can not have great graphics of the game, or a large amount of violence, but it may inspire family members to the couch and exercise,” says Luo. The console is expected that about 30 free games, when it finally arrives this year, and those titles will play with the built-in motion sensor technology similar to Kinect's.
So a PS3 looking Wii that comes with a remote and a Kinect.
Also focuses on motion controlled games, and more specifically Sports related games...
Yep. All bases covered.
Doesn't hurt that the initial 30 games are free.
post-post edit:
Forgot that they also changed the name to have a lowercase i in it to appeal the iPod/Phone/Pad crowd, so they truly have covered just about everything they could.