"The Move is a motion-sensing peripheral, which in conjunction with the PlayStation Eye Camera (which is already on the market) allows precise motion-controlled video gaming on the PlayStation 3.
The Move can, in some cases, be paired with the "Subcontroller", a nunchuk-like device that sports an analog stick and d-pad, which allows the Move to be used with more "traditional" titles like first-person shooters or role-playing games.
Unlike the Wii Remote, which is powered by regular batteries (or in cases of third-party solutions a rechargeable battery pack), the Move is fuelled by the same lithium ion battery that runs your PlayStation 3's DualShock 3 controller, meaning it'll have plenty of shelf life between recharges. As a bonus, the Subcontroller also has a lithium ion battery.
Both the Move and Subcontroller are wireless, and will sync with your PlayStation 3 via Bluetooth (with the Move also featuring rumble). At launch, they will be available in black, and black only."
So what do you think? Wii mote rip-off, or awesome new idea? I'm sort of baffled at the....large.....ball thing at the end of the right controller. It looks weird.
More pics of the remote here: