OUYA
2012-2015
In 2012, the OUYA was the darling of the internet. It was a sleek, silver cube that promised to liberate gaming from the "closed" ecosystems of Sony and Microsoft. The pitch was irresistible: a $99 Android-based console that was completely open to indie developers. It became one of the most successful Kickstarter projects in history, raising over $8.5 million from enthusiastic backers.
However, once the boxes arrived, the hype evaporated. The revolutionary controller felt cheap, with buttons that frequently got stuck and a touchpad that barely worked. While the console was "open," it lacked the one thing every gamer actually wants: games. Most of the library consisted of of mobile games that people could already play on their phones for free.
The OUYA quickly shifted from a "console killer" to a cautionary tale about the dangers of over-promising. By 2015, the company was drowning in debt and was eventually sold for its software assets. Today, the OUYA is remembered as a lesson in why a great idea and a record-breaking Kickstarter aren't enough to build a successful product.
Additional info:
Forbes - The Ouya Is Basically Dead
Wikipedia: Ouya - Comprehensive timeline of commercial failure and shutdown
Polygon - Razer closing Ouya store, officially killing the console
The Verge - Ouya: review
This is the ad, whose original description was: “Gaming can be emotional. We get it. But don't cry. We're here for you”: