There is no reliable way to tell from the voltage of a rechargeable battery how much capacity is left. The voltage / capacity curve is simply not linear. It depends heavily on the battery type and the usage. Just compare some discharge graphs and see the differences that occur on their own:
Sanyo 2500
GP 2500
This are just two examples, and these batteries should be expected to be pretty equal - but they are not.
You should also be aware, that a NiMH cell is normally treated as beeing empty when it reaches 0.9V while beeing used - if you give it some time to rest, it will quickly climb up to 1.2V again - but it will fall down as quick under load.
Normally I use a "cutoff-voltage" of 1.1V, but as said before, depending on the use this might be to late or too early.
Modern Laptops normally do a lot of statistics and calibrating to give the user a useable prediction of battery lifetime - and most of them still fail. Every Mac user running his Powerbook empty from time to time might already know this
So while this toy is nice, it still requires some knowledge from the user about the batteries he uses and this can't be easily changed.
Just for the fun of it, have a look what this cell does in my model helicopter at 30 amps:
GP 3300
A cutoff voltage of 1.1V would simply disallow me to start at all.
When the gp2x get's a more battery friendly firmware, the current consumption might fluctuate between 100mA and more than 1000mA - this will present you pretty funny jumps in the voltage level.