Ouya CEO Julie Uhrman revealed that they intend to release a new Ouya each year.
"Our strategy is very much similar to the mobile strategy," she explained.
"There will be a new Ouya every year. There will be an Ouya 2 and an Ouya 3," she elaborated. "We'll take advantage of faster, better processors, take advantage of prices falling. So if we can get more than 8GB of Flash in our box, we will."
All new Ouya iterations will be backward compatible.