Yep, the 500MHz CPU will most probably not be a "Speedy Gonzales", but I'm sure it will be just enough powerful for browsing, emailing and some other works on the go or a home computing sitting in a comfy chair. And as I hope, also reading ebooks. Most of today's UMPCs are simply too pricey to be bought for home computing or ebook reading
And this device looks really promising!