In yet another story of Kickstarter success, a project called "Ouya" has far surpassed its goal of $950,000 in under 24 hours. It's currently sitting well above $1 million.

What is it? Good question. 

Ouya is a home video game console for use with a TV, that's powered by Android, and requires all developers to offer at least some playable part of their game for free (i.e. demo, subscription or microtransaction models).

Like a PS3 or Xbox 360, it comes with a traditional-ish controller (with an added touch pad), though it's being created with developer freedom in mind: potential devs won't even have to purchase a license or SDK. All you need is the console itself.

"With all our technological advancements, shouldn't costs be going down? Gaming could be cheaper!" Ouya's project page says. "Let’s open this sucker up! It's time we brought back innovation, experimentation, and creativity to the big screen. Let’s make the games less expensive to make, and less expensive to buy."

Here's the specs: a Tegra3 quad-core processor, 1GB RAM, 8GB of internal flash storage, HDMI connection to the TV, with support for up to 1080p HD, WiFi 802.11 b/g/n, Bluetooth LE 4.0, and one USB 2.0 port. And since it's based on Android 4.0, even non-game Android apps can be ported to it, and "hackers" can easily develop their own hardware peripherals and solutions.

So yeah, all that sounds pretty damn good. Throwing $95 into the pot will get you the console, with better rewards obviously for higher contributions. Are you going to back this one? Head to the Kickstarter page and tell us in the comments or on Twitter.

[via Joystiq]