Ouya

[FridgeWheeL]

I'm very sceptical when it gets to consoles due to its obvious limitations and the Ouya is the 1st console to take a leap in it's genre. I will stay sceptical until I have seen it in all its glory although I do admit that this might be the 1st console I may look at in the future.

[Coheed]

But how will updates work? I mean what version of android will it run on? and will it get updated to the latest version quickly?

I believe it will run Android 4.1, aka Jellybean. I think it would be wise to distance your perception that the Ouya is like an Android phone; the updates isn't really that important, it's the system that is built on top of it.