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The company with the name Atari was originally known as Infogrames, a kind of meh developer, they bought out Hasbro Interactive who owned the Atari name and rights to some of the companies IP, their biggest IP is Neverwinter Nights but since the original developers are not involved I wouldn't hold my breath. They also own Cryptic Studios, and Namco owns a slice of them.

 

As for the device I think it's going to be a Ouya type device at worse, or a sort of streaming/steam machine at best. It probally will not catch the world by storm.