Will it be a Windows box in another form factor? As conveyed by being 'based on PC technology', if so, then they'll have no control over the software! Or do they mean by 'PC technology' an x86-64 processor based console, kind of like the original XBox.
Or will it be another MSX or 3DO? The two consoles were supposed to be 'open design' outsourced to hardware companies to manufacture. Both were a failure! But I don't think that's what Acer is going for, they are after all a hardware manufacturer.
Things should be getting interesting in the console market, there were previous rumors about EA and even Apple, considering entering the console world.
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