The new Lenovo IdeaPad U8 MID makes a debut right on time, as the Beijing Olympic games take place these days and new world records are getting smashed. Official specs include a 4.8-inch touchscreen, Intel Atom Z500 800MHz processor, GPS navigation system, front/rear cameras, 802.11 b/g WiFi, Bluetooth, EDGE, 3G and even Wimax support (wow!). In addition it has 1GB of RAM, 6GB flash storage and a place for a dongle, to receive China Multimedia Mobile Broadcasting signals, in order to watch the Olympics for free, if you happened to be in China, all for the size of 21 x 173 x 84mm and 350 grams. No word on price, but you should expect a smartphone costing, so start saving.
Update: Price is set to be around $730 (4,999 yuan) which is not that cheap, considering you can get a laptop, but sometimes you have to pay for light portability.