One of the very first 32-bit consoles which was a failure from the start due to the ridiculously high price tag. ($800 for a Panasonic FZ-1)

The 3DO is special in that the 3DO technology was licensed out to other companies in a similar way to DVD and VHS players, and so Sanyo and Goldstar (LG) ended up putting out their own models, and others were planned. (Toshiba, Samsung and AT&T all had 3DO consoles in the making, but all three got scrapped)

The console is certainly capable of PSX level games, however it's biggest flaw was that the console was ahead of it's time - at least 2 years before the PlayStation hit the shelves. People were still playing their Mega Drives and SNESes and generally didn't bother with the high price of the console. Goldstar later released their own version which cut Panasonic's price tag in half, but the 3DO's name was irrepairably tarnished.

3DO hung on as a low-key software publisher, churning out many Army Men sequels for other consoles until they finally went bust in mid-2003.

A company that produced poor quality games in the past, they are bankrupt now because of the lack of success.

Taking an older movie and redoing it in 3D for higher potential profits from a new audience.