Atari® — one of the world's most iconic consumer brands and interactive entertainment producers — announced today it has purchased the Intellivision brand and certain games from Intellivision Entertainment LLC. Intellivision Entertainment LLC will rebrand and continue its business of developing and distributing the Amico brand game console with a license from Atari to continue to distribute new versions of the Intellivision games on the Amico console.
Atari will seek to expand digital and physical distribution of legacy Intellivision games, potentially create new games, and explore brand and licensing opportunities as part of a long-term plan to create value from the Intellivision properties.
From everything I've read, most of the "devs" haven't done any actual work on the game past the initial brainstorming session. The "demo" video shown was just a mock-up.
I mean I'm not surprised since everything relating to the Amico seems to be lies and vaporware, but it's still disappointing.