The Phantom is a controversial video game console that is under development by Infinium Labs. The device is planned to be capable of playing current and future PC games, giving the system a massive initial game library and making it easier for developers to produce games for the system. The system also uses a direct-download content delivery service instead of the discs and cartridges used by most game consoles.
The Phantom has caused quite a bit of controversy in both the gaming and business worlds due to the constant pushing back of its release date and a number of financial scandals involving Infinium Labs. Infinium Labs has lost more than $62,700,000 since its creation in its efforts to create the Phantom Console. As of February 21, 2006, the Phantom has been delayed indefinitely until Infinium Labs obtains more funding.
On May 16 2006, the Securities and Exchange Commission accused Infinium Labs founder and former CEO Timothy Roberts of running a pump and dump scheme in promoting The Phantom console in 2004.
The press release contained no specific information, but did include a computer-generated prototype design. Due to the excessive use of buzzwords and a suspicious lack of details, the product was derided almost from the start by news sites such as IGN and Slashdot and the popular comic strip Penny Arcade. It also received the first place in "Vaporwares 2004" in Wired News.
When that deadline passed, Infinium predicted the system's release to around March 2005. That date passed and Infinium Labs did not appear at the 2005 E³. There were hints from Kevin Bachus, former Infinium CEO, that the Phantom would be released around the same time as the Xbox 360 in Fall 2005, but that date was also missed.
On February 21 2006 it was reported that The Phantom video game console has been delayed indefinitely "pending further funding".
On January 3 2006, Infinium Labs has announced that the "Phantom Lapboard" component of the console, which is a keyboard and mouse designed to be held on the lap (for use, for example, seated on a couch in front of a television), is due to be released onto online retailers by the second quarter of 2006. On April 19 2006, Infinium Labs announced that the keyboard would not be released in time for Q2 2006, but that the device, manufactured by Itron Technology, would be released in North America and Europe "no later than October" of 2006.
Vaporware game consoles | Seventh-generation video game consoles
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