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NVIDIA's ion platform is a chipset for Intel's low power Atom processor. It's an "Atom CPU and a GeForce 9400M next to each other, a single SATA connector and a DDR3 SO-DIMM slot on the other side of the board. And this little thing is powerful enough to play HD video (8 - 25Mbps H.264)." The 9400M is the exact same graphics chip that's in the new MacBooks, but the entire chipset fits on a Pico ITX board which is considerably smaller than what's in a full size laptop.
This doesn't quite get into smartphone territory, but you could make a very small notebook ("netbook") with this that would really be full powered. I'll be very interested to see what people do with this. Due first half of 2009.
Apple has annouced that this January will be the last time it participates in the MacWorld Expo trade show. This is huge news in Mac land since this was the one event that everyone went to (apple people, but more importantly the larger community of 3rd party developers.) And Steve Jobs has become rather famous by using the keynote speech to display his impressive public speaking skills. This is where many huge Apple products have been introduced to the public and the publicity surrounding the event was incredibly out of proportion for the size and importance of the market Apple serves. And not only will this be the last year, but Jobs isn't even giving the keynote this year! Quelle horror!