A successor to the GP2x series of open-source handheld gaming devices.
Best thing of all is that GP2X is far from dead, all that has to be done is recompiling of GP2X Homebrew.
Not a bad specification either.
The Linux-powered device (running its own GP2X distribution) has an Arm9 533mHZ processor, 3D Accelerator and 64 MB of ram, 1GB of built-in NAND flash memory, an external SD card slot, and a single USB 2.0 connection.
It has a LiIon battery built-in, a place for the stylus, and a nice 2.8" OLED touch screen panel with a resolution of 320 by 240 (QVGA).
The most interesting thing is the Flash Player (Flash 7.0 compatible) and the planned release of commercial games.
If everything works out as planned, it will be shipped in mid October.
More info' here and on the linked pages.