A product dispensing machine comprising: a container for storing a base product; a freeze circuit constructed and arranged to extract a first portion of the base product from the container and substantially freeze the first portion into a first consistency, wherein the freeze circuit is in fluid communication with the container; a liquid circuit constructed and arranged to extract a second portion of the base product from the container, wherein the liquid circuit is adapted to receive the base product from the container in liquid form; a blending chamber assembly in fluid communication with the freeze and liquid circuits (28, 30), and constructed and arranged to blend the first and second portions into a second consistency; and a dispensing assembly in fluid communication with the blending chamber assembly, and constructed and arranged to selectively dispense the first portion in the first consistency, and the first and second portions in the second consistency, wherein the liquid circuit includes a pump for controlling the flow of the second portion to the blending chamber assembly, wherein the liquid circuit includes a temperature device configured to control the temperature of the second portion, wherein the temperature device includes one or both of a refrigeration unit and a heating element; wherein the temperature device is controlled to maintain the second portion at a predetermined temperature, wherein the predetermined temperature is a function of one of (i) a composition of the base product, (ii) a volumetric ratio of blended first and second portions that form the second consistency within the blending chamber assembly, and (iii) a controlled temperature of the first portion within the freeze circuit, wherein the dispensing assembly has a single dispensing nozzle for dispensing the product in the soft ice cream consistency and the shake consistency. a container for storing a base product; a freeze circuit constructed and arranged to extract a first portion of the base product from the container and substantially freeze the first portion into a first consistency, wherein the freeze circuit is in fluid communication with the container; a liquid circuit constructed and arranged to extract a second portion of the base product from the container, wherein the liquid circuit is adapted to receive the base product from the container in liquid form; a blending chamber assembly in fluid communication with the freeze and liquid circuits (28, 30), and constructed and arranged to blend the first and second portions into a second consistency; and a dispensing assembly in fluid communication with the blending chamber assembly, and constructed and arranged to selectively dispense the first portion in the first consistency, and the first and second portions in the second consistency, wherein the liquid circuit includes a pump for controlling the flow of the second portion to the blending chamber assembly, wherein the liquid circuit includes a temperature device configured to control the temperature of the second portion, wherein the temperature device includes one or both of a refrigeration unit and a heating element; wherein the temperature device is controlled to maintain the second portion at a predetermined temperature, wherein the predetermined temperature is a function of one of (i) a composition of the base product, (ii) a volumetric ratio of blended first and second portions that form the second consistency within the blending chamber assembly, and (iii) a controlled temperature of the first portion within the freeze circuit, wherein the dispensing assembly has a single dispensing nozzle for dispensing the product in the soft ice cream consistency and the shake consistency.