Korean firm HardKernal is developing the ODROID, the “world’s first Android entertainment device” or basically an Android device with emulators for classic games. The ODROID is boosted by the same Samsung S5PC100 Cortex A8 processor that powers the iPhone 3GS.
The ODROID features a 3.5-inch 320×480 capacitive touchscreen, Bluetooth and WiFi 802.11b/g. It supports SD/SDHC cards up to 32GB and offers 720p-capable HDMI output. The device supports MP4 and H.264 video playback.
Here is a video showing the device’s HDMI output capability: