Phantom is basically... CRAP. Growing up with video games, and working in the industry (in particular, sales), I developed an instinct of what's good and what suck which I'm about 95% of the time right. This will SUCK, and I'm 100% sure. This is for serveral reasons.
--It's suppose to be upgradeable (at least orginially it was suppose to be, donno if it still is). In the history of video games, any thing that is upgradeable, not too many will upgrade it. (32X, Sega CD, to some case PS2 Network Adapter / Hard Drive). From a programming point of view, it affects it by not making it a close system, which will make it almost like a PC, ie extremely buggy. From a marketing point of view, you want to hit the majority of the mass, and that will be the initial hardware configuration.
--Bad marketing. Since this device lets you download new games, instead of having to go out and buy them, this would put an end to retail. Now, because of that, how many buyers for major retailers are going to pick it up, especially if they major source of income comes from games.
--The company is founded by 3 lawyers. Lawyers?!?! Where is the gaming passion??? (yes I know Microsoft & Sony are in it for the money, but at least the people heading the gaming department have a gaming passion like Nintendo) Granted, it's possible that they love gaming, but I have a felling no. Plus, let me remind you of another technology / entertainment company that was own by lawyers (along with Circuit City), DIVX. And no, not the codec.
There probably more, but I'm too tired to think of them. Hmm... I wonder if this qualifies as a rant??? :unsure: