I don't have the specific details on the screen tech, but I don know it's a 64 level grayscale screen (768x1024 resolution) with a Wacom touchscreen. The EEE Note also has a 2MP digital camera, 4GB Flash, a microSD card slot, speaker, microphone, Wifi, and about 13 hours of battery life.
There was talk at Computex that Asus were targeting this at the academic market. I can definitely picture that now.
It's being launched in Taiwan in the next couple weeks with a retail of about $216. There's no word yet on price or availability.