Normally I wouldn't start a title in such a negative tone, but I've seen this hardware before. Under no circumstances should you consider buying this. If someone offers to give you one, run away as fast as you can because they are obviously insane.
The Augen Gentouch74 has a 400MHz ARM CPU, 128MB of RAM, and runs Android 1.6. FYI: the Android spec requires a 1GHz CPU. Engadget are also seeing te same poor build quality that I experienced.
Run away! Run away!