How about outsourcing it all to a Chinese or Korean company, like the company who build the Wiz/Caanoo?
By the way,
I like these specs:
ARM® Cortex™-A9 MPCore 1,5+ Ghz Quadcore
2+ GB RAM
16+ GB Flash
5" or 6" Capacitive Screen, 1024x600, 16.7 million colours touchscreen LCD
4400 Mha battery...