The new ION is a discrete GPU-like product that will supports the Pinetrail-M and Pinetrail-D platforms. The ION2 platform promises over five hours of battery life, Adobe Flash SD and HD support, and 5 to 10 times faster graphics than what's possible with Intel Pinetrail.
What they did say is that the next generation ION can support Windows 7 Home Premium, has 5+ hours battery life, can be 5 to 10 times faster than Atom with Pinetrail graphics and can play Adobe Flash in both SD and HD, while Atom can only cope with SD. Pinetrail Atom can only support the Starter version of Windows 7.
ION can play Blu-ray and 1080P and Pinetrail cannot, while with ION you can play mainstream games, or some older titles, something like Sims 3 or similar.