Familator = Famicom + Emulator. Teeny-tiny little Famiclone currently being sold in Japan. Very small, about half the size of the original, use the controllers as a comparison.
Problably cheap like other famiclones, but invokes that retro feeling by using the original's color scheme.
More info is needed.
Emails from my faithful readers tell me that this console is also known as "Famulator" and sells for about $30. Thanks to Ty for the info.