It's not a Google TV device, but a player using Sony's own interface.
The new SMP-N200 media player from Sony is, well, a media streamer and player. It does pretty much what every other set-top does, like stream movies, play back files from a USB drive and browse the web.
One thing that it does that sets it apart from most other streamers though is the ability to stream 3D content. There aren't many, if any places to get that content, but we assume that's something that Sony is working on with the Sony Entertainment Network.
Also of note is that Sony doesn't mention any streaming audio or video sources specifically aside from their own. Usually we see Netflix, Pandora and other services turn up in these press releases, but Sony doesn't mention them. They'll almost certainly be there, or the SMP-N200 will be looking a lot less compelling.
The SMP-N200 is currently listed on Amazon as a Tuner/Receiver, but the price is right. The device will cost $99 when released this October.