The Zeebo will have downloadable games using 3G Network. I don't think they will be selling this product in the US (Sorry Cameraman Joe). The market they are aiming is Brazil and Mexico.
Here's the first video from an exclusive for Zeebo (Translated from Portuguese by Google translator):
The Tec Toy has released the first trailer for Extreme Zeebo first game exclusive to the console. Extreme Zeebo will use the motion sensitive control of the console and is scheduled to be launched in September. Initially only 3 modes are available (Rolim, cross ball and running air), but by year's end to add other Tec Toy 3http://www.youtube.com/watch?v=eLcX0lMBzzk
The launch of Zeebo is scheduled for June, but Tec Toy has been facing problems with the high value of the dollar that could enhance the price of the other console.