We haven't had a chance to fully test this product yet, but we've assembled this helpful overview of relevant information on it.
The PlayJam GameStick is an Android-based (Jelly Bean) device which allows users to turn their HDTV screen into a game center via an HDMI port. The GameStick utilizes an Amlogic 8726-MX processor, 1GB DDR3 RAM, 8GB of flash storage, and includes a Bluetooth-enabled three-mode controller.
Amlogic 8726-MX Processor
Android (Jelly Bean)
1GB DDR3 RAM
Yes; version 4.0