As I feared: the 3G modem made them phonify it. Small screen + dumbed down keyboard renders the device identical to exisiting competitors like the iPhone, G1 (+ its undoubtedly nice successor) and Pre.
Makes little sense when the predecessor fills a more unique niche as the one practical, affordable MID. (Remember that campaign of Intel's that seemed to go nowhere?)

Still some hope, though; this could easily be entirely fake.