Augen is not new to computer devices and it must be an Arm chip. So if it's an Arm and it's running Android 2.1 it's most likely overclockable. Kick that baby up to 1ghz and load up Opera Mini and you'll be cruising the Web in style!
Here's correct specs:
800x480 color TFT touch panel screen
? CPU: 800 Mhz
? Ram: DDR2 256mb
? Internal Memory: 2GB
? Expansion Slots: SD/MMC card slot up to 16GB
? Wi-Fi Connectivity with Full Web Browsing Capability
? Supports Ebook Formats: Text, PDF, E-PUB, HTML
? Supports Media Formats: MP3, WMA, FLAC, AAC
? Supports most popular E-Book formats
? Picture Viewer in JPEG, BMP
? Video Player
? Rechargeable Lithium Battery
? Carrying case included
Augen Gentouch Homepage:
http://www.augenus.com/indexhome.html/GENTOUCH.htmlSo it has Lithium-ion Battery and same 256mb Ram as iPad. The screen relative to it's 7" size with GPU capable of displaying 720P means it's at least as capable as the SGX530 in iPad and most likely is one. So as PC's were the Mac Killer putting one in nearly every household, this could be the iPad Wifi killer putting two to three for the price of one iPad in every household! I imagine these are going to sell like HOTCAKES!

BTW..... with one USB port (which I imagine it has) you can make it 3G capable. At least in Europe. But you can buy the small USB 3G module from UK and put in your own sim card. Those can also be purchased on ebay for T-Mobile and AT&T Pay As You Go! In Europe they're cheap and you can get one with cheap USA roaming there and knock down the cost below getting local data service!