I doubt this will be a console in the traditional sense or even anything that could be considered console-like. Most likely they will be looking to produce innovative peripherals that can complement game playing. The heart rate sensor is one, but they did mention wearable components, perhaps ways of continuing minor aspects or side quests whilst on the move. Or perhaps pads that give more feedback (e.g. vibrations on your back if your being attacked from behind). The possibilities are endless.
I also see them opening this up to not just PC, but consoles as a third-party accessory.








