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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.
Here's a closer zoom of the mainboard. This particular mini-ITX is Intel Atom-based with a D2700 CPU, but it is possible for a customer to order other more powerful PC configurations from Commodore-authorized resellers, and to order the C64 in a barebones casing only.