This is the Philips CD-i 450 player advertised in an Argos Catalog in 1995/96. The moment in time Philips was able to push the price of CD-i back below 500 dutch guilders, it's interesting to note the prices here: The Digital Video Cartridge costs 180 pounds, the CD-i player itself costs 250 pounds. Including in this package was the game Palm Springs Open, and if you would buy the Digital Video Cartridge you would receive Space Ace for free.
[Thanks, Adam Shockz]