I was very excited about the Eee PC when I first heard of it, but now I'm starting to have my doubts. For one, a 7" screen is very small, only twice the diagonal of the GP2X screen, and it's meant to be a notebook. The 10" model will of course be an improvement, but I still wouldn't choose it over my current 14" laptop screen. The price of the 10" Eee PC will likely increase as well, making it less of a great deal, considering the lowering prices of low-end regular notebooks (especially 2nd hand).
The battery life is very crummy, too: 3 hours? Come on, my used laptop lasts 4 hours, and it was made in 2000. I'll give it something though, 512Mb of RAM is a great thing to have. I wonder what the CPU's speed is?