There are very few specs known about this one. We only have the image and a translation that appears to highlight some negative things about Intel; a big hint perhaps, that this is an ARM-based device. Looking very clean and iPod-like, if it hits a lower price point, comes with a 3g option and uses an advanced cpu it might be worth looking at. If not, you might as well go out and buy a Nokia N800.
Heres the pic of the SmartQ from Smartdevices, China. We’ll keep an eye out for them at CeBIT.