It doesn't really look a whole bunch like those concept renders of a touchscreen MP-500 rumored from Acer back in February, but a 3.5-inch screened device of the same name does seem to be coming soon from the company. Besides that 3.5-inch QVGA screen, the device has pretty hefty format support, including DivX, XviD, MPEG-2/4, WMV9, MP3, WMA and JPEG. Along with video and audio out there appears to be a video in source, since the unit records both audio and video. You can get about 4 hours of video or 8 hours of audio out of the replaceable Li-ion battery. There's a 20GB 1.8-inch HDD, along with an SD card slot, but the device manages to measure less than an inch thick. Really, not bad specs for this Acer offering, but we're not sure what here could entice a user already flooded with PMP offerings. The $440 MSRP isn't going to do it.