We all knew it was coming. Archos officially rolled out their latest – and quite possibly heftiest -- portable video player today, the 704-WiFi. This one weighs in at 22 ounces and sports a 7-inch, 800x480 pixel touch screen display, 80GB hard drive, 802.11g WiFi, support for playback of MPEG-4 ASP@L5 AVI and WMV video files and MP3 and WMA audio files (with optional plug-ins for adding h.264, MPEG-2 MP@ML, and AAC support), PlaysForSure support, an integrated PDF reader, built-in stereo speakers, Opera web browser, up to 5 hours of video playback, and a retail price of $549.99. There's also an optional DVR Station dock for recording TV shows directly to the player. We'll have some hands-on pics for you soon.