Found this on slashdot:
Korean portable gaming system similar to the gameboy. However, this puppy can emulate GBA, SNES, C64, SCUMM, and yes Perg, a Java VM. It has a nice feature of being able to let you listen to MP3s while playing your games. Battery life of 12hrs. Uses SMC cards. See the links below for more info.
So sounds sweet, and checked out some links. They are translating alot of the games, there is a large following and group of developers, and they are releasing it in the UK. YOu can buy it online now for 150$.
Slashdot Article: http://slashdot.org/articles/03/04/03/1530224.shtml?tid=127