It's called the Gizmondo and it's a "futuristic multi-entertainer". Blimey
A new handheld games machine called Gizmondo will be launched in the UK this summer, with a global roll-out expected to kick off in the autumn.
The device - which was originally called Gametrac - features wireless connectivity, MP3 and movie playback, multimedia messaging, a built-in camera and GPS functions. It will initially be distributed in the UK by Toys R Us and the retail price of the machine will be partly subsidised by advertising, which will be beamed directly to it.
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News source: gamesradar.com