Its nearly a UMPC except it seems to be lacking a keyboard and its only running WinCE 5.0, not XP like it appears. It runs WinCE with 64MB of RAM and still offers up WiFi, MSN Messenger, Skype, TCPMP, WMP, Word, Excel, PowerPoint, and a PDF viewer.
File support wise it has AVI, WMV, ASF, 3GP, DivX, Flash, MPEG-4, MP3, WMA, WAV, JPEG, BMP, GIF, and Flash, 3D, and NES/FC games support. There is also an E-Book reader included.
It has a TFT LCD with a 16:9 aspect ratio and LCM backlighting. There is a 1.1 USB port and SD/MMC card slot. It weighs 186 grams and has the dimensions of 150x72x19.5 millimeters, PMP Today also gave it their Gadget of the Year award for last year, no word on price or availability though as I think it has to be purchased in bulk.