You will plug it into the wall, and run an HDMI cable (which you'll need to supply) from the PS4 to your TV. It is wireless internet capable. The controller charges on a cable, but it's wireless as well. Depending on where you bought it, you'll likely need to buy more controllers for multiplayer games as they only come with one.
I actually just turned my PS4 on for like the first time in at least 6 months...It's pretty useless at the moment though, I don't have any games installed since my PS+ expired and all my plus games went with it....
I dunno, it's not that I'm happy with it, it's just that I've got no friends on it. All of my buddies play on Xbox one, and Xbox one does hulu, netflix, amazon prime, HBO, ect... so It's really all I need. I dusted it off the other day to reinstall the Nathan Drake collection and Uncharted 4. I have an urge to replay those soon.
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