Yes, the Toylet has been around for a few years already. They have some changes with the new model (probably just software changes more than anything). Sega Japan tweeted it yesterday and it brought back all of the good memories of its first reveal.
I saw it in person at Joypolis back a few years ago.
Also since we're on the topic, had you been saving up for it or was it a short and not fun at all?
They didn't actually have a working model. It was just on display at the arcade.
Saving up for Joypolis, Japan, or the Toylet?
If you mean Japan - I was able to get flight and hotel covered with reward points. I still didn't have a lot of money to purchase items or the luggage space necessary. I was in Japan for about three days and it was way too short.
I got to check out Club Sega and Joypolis while I was there. They were both pretty cool to see in person!