Pic Courtesy of The Famiclone
I know I've got a machine with this exact same design up somewhere else on the site. Anyway looks like a cool little Famiclone, has wireless controllers (also works with normal standard controllers,) and see that red ring around the middle? That strip contains a series of LEDs that blink in tune to the music/sound effects. Pretty neato. Made by a company called "Selection" out of China.