Ok, the specs are a real joke;
1024-by-768-pixel resolution at 132 pixels per inch (ppi)
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I am surprised by the 4:3 form factor. What were they thinking?
The resolution is consistent with the 13" Macbook, though. iPhone needs the higher ppi because of the small size. It's a pain for older users with presbyopia, though - we can't really use the resolution. Maybe this is targeted more for grandma and grandpa.
720p on external display is also a disappointment. Doesn't the iPhone already do better than this?
No GPS and no camera are disappointments, too.
If it had GPS, I could see this, for example, in police cars, replacing the expensive notebooks they use now. (Guess they'd have to come up with one that can take a beating, though.) Now there's no reason for ProClip to come out with the car mount any time soon. ;( (Would make a nice giant GPS display...)
See, I'm NOT a total fanboy!