New UMPC From Korea?

Mobility Today found a picture from an anonymous Korean tipster that seems to show a corner of a UMPC-like device. Is it an UMPC? Why does the picture say Windows XP? What's the deal with "Pocket PC Vega" too? Weird.

It's going to be running an AMD Geode LX800 and have 256MB of RAM. August 10, the date on the picture, should be when this thing is revealed to the world. And, because it's from a Korean site, it's probably doubtful this thing will make it to the States, even if the possible $700 price tag makes it much more affordable than current UMPCs.

Is this the first UMPC under $700?? [Mobility Today]