While Sony (SNE) and Microsoft (MSFT) prepare to roll out their next-generation gaming consoles, gamers will also soon have the option of paying just $99 for the Android-powered Ouya console that’s set to launch in retail outlets on June 4th. Engadget reports that the low-cost console, which began as a Kickstarter project, will ship to its financial backers this week before becoming available to the general public this summer. The Ouya console features a 1.7GHz quad-core Tegra 3 processor, 8GB of internal storage, 1GB of RAM, a USB port and microUSB port, a wireless controller, and Android 4.1 Jelly Bean. Ouya has signed up several big-name retailers to sell the console, including GameStop (GME), Best Buy (BBY), Amazon (AMZN), and Target (TGT).