It looks like Chinese corporation Onda is trying to flood the market with HD players, supporting 720P video quality. Otherwise, it would be hard to explain why on earth the company has just released the VX555HD, only 3 months after the VX535HD has made its first appearance in public. HD compatibility aside, the new PMP packs a 3-inch display, an FM tuner, TV output and wide range of codecs support. Other than that, the people in Onda  promise a low and competitive price tag that will match global recession atmosphere, and while availability is obscure you’ll have to stay tuned to learn more.

[via gmp3]