Hmm...I don't know...
It looks great, with that color screen and the ability to watch pictures on a TV with underlying music.
But what's the need for it?!? I mean, if at least it had a card reader, so that you could transfer your photos directly to it, then it would be a little more interesting. But only for photo slideshows?! Way too expensive for that.
Like gort said, it's half the price of an iBook, and the iBook is definitely more usefull...
The Thomson PDP 2860 is far more interesting. Not only does it have a larger display, but also it's able to play MPEG4 video files, includes a COmpact flash card reader and has video input to encode directly in MPEG4...for 399,- Euro!!!