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I was present at the presentation this afternoon.
Some answers.
The iLiad 1000 looks good and feels very, very light. It's all made of plastic, no metal parts. The screen is still glass, but I witnessed a crash test, it fell from a meter high or so, and no problems afterwards.
The battery has a capacity of 1.300 mAh. The processor can hibernate down to 0 MHz. The operating system is based on Linux 2.6.x and is Open Source, apart from the display routines an so.
There are no viewers for office documents yet. Irex expects third parties will come up with them soon.
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