Teensy video player fits in your pocket
The Nano Channel is the newest miniature video player by TakaraTomy out of Japan. The pocket-size player has a 1.2-inch backlit display that's comparable to the screen on a cell phone.
This gadget is more of a fun little trinket than a serious contender for the portable video player market. With the small form factor and low price, I would expect to see the next incarnation as a watch.
Much cheaper than the iPod video but with much less ability, the Nano Channel plays videos in MPEG-1, MPEG-2, WMV, QuickTime and ASF formats. It also doubles as a portable music player, supporting both MP3s and WMAs. A built-in microphone lets the owner record voice messages WMA format.
A lithium ion battery keeps the Nano Channel running for an hour when playing video, or six hours when listening to music with the bundled headphones. It will be available in silver, blue and red in July for about $82. The 1.5 inch by 2.2 inch by 3 inch unit will ship with 128MB, but can handle up to 1GB. It weighs just under an ounce.