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A sight to behold, once you get over the initial shock.
The Multimedia Accelerator looks interesting, makes me wonder why video recording isn't available yet.
And "NTSC/PAL TV out Image Enhancement"? What about the OS??
I'd love to see what other features are packed in there.
I'm pretty sure they won't support VC1, since that's MS's baby.
However, it'd be nice if they could support NTSC/PAL out like the video iPods. (Correct me if I'm wrong, but my understanding is that the iPhone does not support video out.)