On the surface it seems like a rather natty-looking micro system, complete with a CD player and smart speakers. But beneath the glossy outer shell lies a much more powerful machine.
Not only is there built-in Wi-Fi connectivity, allowing you to stream music around your home network, there's also a 160GB hard disk drive.
This allows you to rip your tracks straight to the hard disk, with a a variety of formats and bitrates set to be on offer, and then send them whizzing around your home.
While tech details are a little thin on the ground, the MCi500 also boasts a handy USB input for direct recording and playback of your digital tunes.
Due out in August, the Philips MCi500 is set to retail at around £500. Keep checking the whathifi.com website for more product news as and when we get it...