This is the IdeaPad U8 from Lenovo. With Intel's Atom chip inside it, the Mobile Internet Device has an optical mouse to let you fiddle one-handed, supports 3G and EDGE, has GPS, a 4.8-inch touchscreen, a Paul Smith-esque striped back (hope that stays) and an annoying ambient bongo player (either that goes or I do.) Video after the jump.

Engadget also reckons you'll be able to make phone calls as well, and that it's Linux-based. I couldn't possibly comment. [UMPCPortal and Engadget]