OQO already has a very impressive UMPC, but in an increasingly crowded market it seems that they've decided to upgrade it and offer the following:
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Vista support
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Verizon Wireless BroadbandAccess technology built-in
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5" Display with a native 800 by 480 resolution
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UniChrome Pro II IGP
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HDMI Port
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VIA C7M ULV processor
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Up to 1GB DDR2
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Storage up to 60GB
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Bluetooth 2/0 EDR
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802.11a/b/g
"SAN FRANCISCO, February 5, 2007 - OQO Inc., mobile computing innovator and creator of the groundbreaking model 02 computer, today announced that OQO is now offering the model 02 computer with integrated EV-DO Wireless WAN capability compatible with the Verizon Wireless BroadbandAccess service. Recently unveiled at CES 2007, where it received numerous industry awards and accolades, the OQO model 02 is the world's smallest fully-functional PC.
Customers in the United States will now be able to access email, the Internet, and business and personal applications utilizing Verizon Wireless' EV-DO BroadbandAccess service powered by the nation's most reliable high-speed wireless broadband network. Verizon Wireless BroadbandAccess service provides average download speeds of 400-700 kilobits per second, and is currently available coast to coast covering more than 200 million people in over 242 major metropolitan areas."
Short of having 802.11n, more RAM, solid state disk technology, and perhaps a small amount of dedicated graphics memory, it'd be hard to imagine what else one could want in a UMPC.