Mobile IE? Bwhahahahahaha...
The same version of Windows people at CES laughed at? Wow, Microsoft sure knows how to listen.
Other than that all the features (excluding radio and OLED) are a copy from the iPod Touch. So nothing new here, just a device trying to play catch-up. Albeit, too late for Microsoft.
Now, it'd be interesting to see how they implement Multi-Touch, seeing as how Apple and Palm have every aspect in detail patented the hell out of. Surface may be a start, but it hasn't worked that well either.
Now, they say HD play back, *hardly* with such puny resolution screen. When will MS finally admit defeat, they are not a consumer electronic nor Internet Search engine, nor a cloud type service provider company. They are a software developing company, nothing else. The XBox has been a miracle to them, yet somehow, out of everything they, do they managed to make the XBox crash free (software wise). But thats about it.
Developing for something that already fails is even more fail. However, this doesn't surprise me, its monkey Ballmer after all.