According to Gizmodo the device will be available in capacities of 4GB, 8GB and 16GB with a 2.5" LCD display, FM tuner and SD memory card slot.
Credit card-sized MP3 player with music, video, photos and FM radio. Watch 32 hours of videos, enjoy up to 2,000 of your favorite songs or share hundreds of photos with your friends. 16.7 million color support razor sharp display. 2.5" TFT display allows you to view the screen from different angles. Use the SD slot to expand your portable media library with music, photos and videos stored on your SD card.