At the price of a netbook ($300), the first-gen Asus videophone was more for those wanting to video Skype without a PC (think Grandparents). But the navigation was fiddly, so they've now made the 7-inch (800x480) display touch-capable.
Asus has also made the interface more icon-based/finger-ready, and improved support for conference calls. We don't know the specs yet, but I'd like to see the first generation's VGA camera and 802.11g upgraded. And if Asus wants to have a shot with this thing, they better look to slash the price by half, too. [Asus]