It has Wifi, touchscreen, 2Gb Flash, SDHC card slot, web browser, email. Ebook format support includes:
This device is the only one on the market with a Sipix screen, and it will likely be the only one until at least August. Jinke is supposed to release their Sipix based ereaders, but they've been delayed. Also, Bookeen Orizon is going to have a Sipix screen, but we may never see it. I've heard a rumor that the Orizon is going to be replaced with a different model.
P.S. This ereader is also being sold in Spain and Italy.
P.P.S. I went digging through my archive and I found this video. It shows the same hardware but from a different reseller.