Considering that this device isn't a whole lot larger than the Nokia N-Gage, it has very impressive stats:
"The Q1 Ultra will be riding on Intel's Centrino platform, codenamed Santa Rosa, and will be sporting a new Core 2 based processor running at a mere 800MHz. Intel's 965 chipset will provide the core logic, and by association a GMA3000-derived graphics chipset will offer DirectX 9.0c features. Weight is slightly reduced to 1.5lbs from the 1.7lbs of the Q1, and just over a half-inch of height is shaved off."
The only downsides with a device like this might be the quirky keyboard and perhaps battery life. For less than 2lbs though, what can you expect?