This is an odd little beast.
It's based on a 7" (800x480) capacitive touchscreen, and it's running an unknown version of Android on an 800MHz Qualcomm 7227 CPU. It has 3G, WCDMA, a SIM card slot, microSD card slot,a headphone jack, and a 2MP camera on the back. There's not much more in the way of details, but my source did report that it has phone functions.
There's no word on anyone carrying it or when, but it is a pretty device.