Samsung is apparently trying to get an Android device on the market for every screen size ever theorized
and they announced (but long since leaked) Galaxy player 5.8 fits into that plan very well.
The name comes from the 5.8-inch screen that the device features, which has a rather low
resolution of 960 x 540. Android 4.0 is onboard, and you have Bluetooth 4, a VGA front camera, 16 or 32GB of internal memory, and a micro SDHC expansion slot. A dual core 1GHz chip and 1GB of RAM was rumored, but the official information doesn’t mention that part of the hardware.
This player is hard to place in today’s market. The argument for existing Galaxy Players has been that they’re portable than tablets, and cheaper than phones.
5.8 inches is closer than before to the 7-inch tablet market, which consists of budget devices like the NEXUS 7 ,kindle HD ,barns buster HD ,Galaxy Nexus and the Galaxy Tab 2 7.0.
With the Galaxy Nexus you get a much higher resolution screen and much better performance, but it seriously lacks in the storage department. The Galaxy Tab 2 7.0 doesn’t have as impressive a screen or chipset, but has more bells and whistles like a micro SDHC slot and camera.
And of course the nexus 7 that stormed the tablet world taking no prisoners with it's high specs and low price and is still considered by a number of online Reviewers to be the king of the hill for modestly priced tablets as it contains a full arsenal of features and does not imprison it's buyers into a padded cell like environment like some other OS do.
Even so, a 5.8-inch device is still more pocket-able than a 7-inch tablet, so the new Galaxy Player isn’t necessarily doomed right away. I guess it will all depend on the price, which isn’t yet known.