MPEG4 video playback in a tiny handheld, now where have I heard that one before? Oh yeah, the Sharp MT-VA1 of course. Anyway the Flipster is a 64MB or 128MB playback device which will handle video and audio on it’s tiny screen. The rechargeable Lithium Ion battery lasts for about 3 hours on video playback.

There’s no mention of what frame rate this puppy supports, but if it’s anything like the Sharp it’s not going to be great. It runs Windows CE, features an SD slot for additional capacity and uses Microsoft Media Player to deliver all this wonderful stuff. It is priced at $449.00 for the 128MB version and $399.00 for the 64MB model. [via Slashdot]