Well sorta hehe....
http://www.damnlag.com/articles/industry-news/401-sega-back-at-making-consoles-the-sega-zone.htmlSega gave the company, Zone 40, the license to produce a product with the “Sega” name on it. What did they come up with? The Sega Zone. It's as if the Wii and the Genesis had a baby, except the Wii was on a drinking binge while bearing it.
The Sega Zone isn't really a succesor to the Dreamcast, but it is heavily rooted with the publisher and its name (beginning with Sega appearing in the title of the console.) The Sega Zone will launch with 16 Sega classics, as well as 30 more games from the publisher. The game comes with a wireless Wiimote replica controller, but it doesn't look like it will be a legitimate competitor to any of the big three (going for 80$ this summer.)
The Sega Zone looks like a cheap wireless gaming alternative. Also, the console allows backwards-compatibility play of cartridge-based titles for the Sega Genesis, using a port on top of the console. It will be available in the UK this summer for £40. It hasn't been stated whether the conosle will be available worldwide or not.
