A dummy model based on similar hardware was on display in the Southern Telecom booth at CES 2011. ST don't appear to have followed through on releasing this ebook reader, but trust me, it looks as strange in person as it does on your screen.
The ReadMe Mobile is going to be running Android v2.1, and it has Wifi, 2GB Flash storage, and a microSD card slot. it comes with the usual apps but it's not clear if there will be any extras. It's also not clear if the ReadMe has a touch screen, but I would say probably not. It has the d-pad.
retail is £129d it should ship soon in the UK.