So, if amongst people interested, hardware engineer will pop-up, we can go to option 2?

Seriously thought, I think that now it's better to go with existing hardware, then, *if* it will be finished successfully, and in "unforeseeable future" we'll need modernized device (to cope with further developed Open Source Meego core), we can design our own. If it's gonna be based on Cordia, it's more developed form, or any new alternative, is yet to be seen.

I think it's more important now, to focus on bringing Cordia to full usable status, than on not-so-easy hardware designing. By the way, specification provided by Smoku - alongside *very* reasonable price - is not bad! Personally, I would miss some things (hardware keyboard - may be fixable by DIY detachable or bluetooth keyboard... IR transmitter/receiver, LED torch ;P), but considering limitations, it's really great.