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The new Commodore 64 is almost a dead ringer for the original, right down to the casing shape, the color and the action and shape of the keys.
But as you can see, there are some subtle differences. It's been updated to modern PC standards.
Here's the guts of a new Commodore 64. You can see the mini-ITX PC mainboard, with SSD drive, Wi-Fi antennae and transciever, DDR3 memory and Blu-Ray optical drive.