The iCade is a successful iPad accessory, and definitely revives those nostalgic arcade memories, but it just isn’t convenient. It’s huge!

So the guys at ThinkGeek have come up with a new accessory that is portable, yet retains it’s retro-awesomeness: the iCade 8-Bitty. This colorful controller is compatible with both iPhone and iPad and offers some great features. The 8-Bitty offers a sleek, wooden design, and eight button controls, including the D-Pad.¬†Furthermore, the controller has a built in power-saving function and works with all iCade-compatible games.

The 8-Bitty will debut at the 2012 Toy Fair in New York City where you can catch it in action at the ThinkGeek booth. The controller will sell for $24.99 on ThinkGeek. No release date has been provided just yet, but we’ll keep you posted.

So, will you be looking out for an 8-Bitty? Or are you tired of hearing about all things retro?