When looking at this, it really does look like a pair of speakers with a few buttons.
Apparently their aim is to make a controller with a sizable gamut of technologies and concepts that have never been tried before, and I can say that this will either be one of the biggest innovations ever seen in game controllers or one of the biggest flops.
For example, what looks like ‘speakers’ are actually trackpads that your thumbs rest on and you can click, the button in the middle with the steam logo can be clicked as well. Supposedly, there’s also 17 other buttons, but the photo doesn’t really give any idea as to where they are at.
The one other thing I’ve found though is the idea that it will be able to ‘fool’ games on the steam storefront into thinking they’re getting mouse and keyboard input when in reality the input is from the controller, something which would mean possible applications for the BGE as well if it can work with any game regardless of where you get it from.