Engadget has just posted some real pictures of the M700 from Gigabyte. With 2 GB and that 1,2 VIA processor this device is a fair competitor for the latest FIASCO of Intel called Atom which performance is a lot worse than a Celeron M at 900 MHz according to the latest numbers that I have in my hands.
The M700 (pictured) is a tad more ambitious, with a VIA C7-M 1.2GHz processor, Windows Vista Home Premium, 2GB of RAM, a 1.8-inch 40GB / 60GB HDD and a 1024 x 600 7-inch touchscreen. There's no hardware keyboard, but you can type via a UMPC-style software keyboard, and real kicker here is a dock for the computer that lets the M700 power a desktop setup, complete with disc drive. No word on price or release date for either of these.