The Camangi WebStation has been floating around for a few months now in little more than proof of concept form. Now, it's on the cusp of being a real product, released next month for $400.

The system runs Android 1.5 through its 7-Inch (800×480) glass touchscreen display, plus you get Wi-Fi (b/g), GPS , microSD reader, 2MP camera, .3MP webcam and a USB port that can always add 3G (though, the whole idea becomes sort of silly at that point).

Plus, a built-in stand on the back means it can double as a picture frame. Yes!!

My only concern is the bit of lag you notice in this video. If the final production models have that issue ironed out, this could be an attractive little tablet. [Camangi WebStation via Gearlog]