Based on a PicoP projector with a 4.3-inch capacitive touchscreen and, a 2.5-inch hard drive that promises to allow for 500GB to 1TB of storage, you can expect to get Android 2.2 for an OS, a 5 megapixel camera, WiFi and Bluetooth, an accelerometer, HDMI in and out, a USB port, and an SD card slot for additional storage. Should be in the “mid-$500 range.”

via Flex