In the past, game console makers spent lots of money developing the next piece of killer hardware, and even would lose money on each console unit sold, expecting to make it back up in sales of games and accessories.

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Upon unboxing the unit, you'll find the headset, Audio Control Unit and Console Interface, obviously, as well as various cables for hookup.

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The Japanese firm is pinning its hopes on the processing power and storage capacity of its new console, which will include a revolutionary processing unit based on the new Cell chip, developed with IBM and Toshiba.

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The unit's last title was Wipeout 2048 for the PlayStation Vita handheld console.

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The SEVEN Series headsets for console and PC come with Turtle Beach's state-of-the-art, touch capacitive Audio Control Unit which gives players the ability to instantly change the mix of game, chat and microphone audio levels to provide a competitive advantage in changing game situations.

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While you could probably get along without WiFi in a home-based console that already has Ethernet, and you can always presumably hook up a memory card reader via one of the unit's four USB ports, the lack of HDMI output makes this pretty much a non-starter for anyone hoping to actually use the PS3's Blu-ray drive for anything more than playing games.

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