There are plenty of these look-a-like or hybrid devices out there and the newest one making the rounds today is called the Droid X360. Basically this is a device that looks really similar to the PS Vita, without the rear touch pad, but also happens to be running Android 4.0 (Ice Cream Sandwich).
Manufactured by Shenzhen Xunlong, the Droid X360 takes the idea of knock-offs and elevates it to a new level with even the name sounding more like the Xbox360 than anything else. Inside this rather neat little device is a 1.5GHz processor, 512MB of RAM, 2-megapixel rear-facing camera and 8GB internal storage. The screen is 5″ running at 800×480 resolution and rounding it all out is the fact that the Droid X360 is actually running Android 4.0.
This device also comes with nine emulators built into it so you can start gaming right away with some of the those classic games you own. For a hybrid device the Droid X360 is actually not half bad. A little more RAM would be nice but overall it is actually pretty solid. Unless you are out there in China though, getting one might be a bit of a problem. No word on pricing right now.
Website Referenced: The Verge
Official Site: Shenzhen Xunlong