We've been hearing rumblings about its imminent release for a few weeks, and now it's here: The Cowon Q5W is shipping in the US, and the company's released new details about this Wi-Fi-enabled portable media player with its 5-inch 800x400 touchscreen.

Most impressive are the codecs this .79-inch-thick baby will handle, including the pirates' favorites XviD and DivX, the open-source Ogg, and even a favorite audio codec of those with golden ears, flac, along with all the other usual suspects. It's got a tiny remote control, and hey, it even has a Flash player on board. Looks like it might be worth its $550 price of admission for the 40GB model, or $600 for the 60-gig. We just don't think we would name anything that's portable starting off with the word "cow." [Cowon America]