The phone has 256MB of RAM and a 1GHz processor, which do the job reasonably well, though the Anna interface will likely leave something to be desired for many smartphone users.
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... or a CiBox. Which, BTW, I bought the 500GB version of for EUR 179.00. And it does Xvid/DivX too.
Looking at its backside, I'm now more than convinced that it's just an expensive rebadge of the CiBox.
http://www.ciboxcorp.com/web/english/products/audio&video/cinebox.htm#cinebox
Yikes! Look at the remote! It's the exact same, right down to the colour of the buttons. I have no respect for LaCie now.