Wow. When we first saw this photo on Akihabara News, it felt as if we'd fallen into a time machine. This system looks exactly like a Panasonic stereo we had in 1985.
Yet the "Faltima 010" is indeed a new product, though it does have a distinctly retro-looking built-in turntable on top of the stack. But unlike the all-in-one compact units of the past, this one is self-contained to make it easier to convert tunes from vinyl to CDs, MP3s or pretty much any digital format you wish. (Sorry, there's no 8-track slot so far as we can tell.)
It's unclear when and if this system will make it out of the Japanese market but, until then, it may not be a bad idea to start dusting off that LP collection anyway. And when you do, we're reasonably sure it'll be time to consider something like a "Record Flattener."