It's an iPad!

At first glance, the device does not look like much, and, as rumored, it basically resembles a large iPhone, complete with a home button and glass touch screen. True to the style that has come to define Apple products, the device looks simple and well-built, with a rigid glass display and a inch or so of bezel area around the display. The display is a full capacitive multitouch panel, as was expected, but is also an LED-backlit IPS (In-Plane Switching) display that has a great viewing angle. The back is aluminum, and there are various connectors on the sides for power, sleep, and volume controls.
On the inside, Apple has given us a surprise. The device uses an Apple-designed chip it is calling the "A4," which runs at 1GHz and is used for managing everything: processing, graphics, and I/O. The system has between 16 and 64GB of memory, contains Bluetooth and EDR wireless connectivity, has a speaker, and microphone, and also contains Apple's accelerometers, ambient light sensors, and digital compass with assisted GPS technologies. There is a 30-pin connector for attaching the device to computers, but it also uses Bluetooth and Enhanced Data Rate technologies for fast wireless access up to 3Mbps. The device has a powerful battery that gives up to 10 hours of usage, and nearly a month of standby time...read the full article: Cnet