The eQuill is based on a 9.7" E-ink screen and it has a stylus, Wifi, 5MP camera, mike, optional keyboard, and it also is supposed to have a 1" LCD screen for the camera. It weighs under around a pound and is targeted for the enterprise market.
It's going to ship in the US in the next few months with a price starting at US$500.
Update: It's on display at the All Things Digital conference this week, which is where the All Things Digital shot this video:
Fast little bugger, isn't it?