Ouya developer James Coote ran the new 3DMark for Android benchmark on his Ouya game console, the video of which you can see embedded below. Interestingly enough, the Ouya is easily bested by current generation smartphones and even some previous generation smartphones.
In fact, the Ouya console is ranked 73 among all Android devices in Futuremark's database for the 3DMark Ice Storm benchmark. This doesn't exactly make me believe the Ouya will play host to graphically exciting games. The Samsung Galaxy S4 manages over double the score of the Ouya console.
This weak performance is likely the best the Ouya designers could manage while still staying within a $99 sticker price.