The attractive blue and silver machine has a 1.4Ghz Intel Centrino mobile processor, which runs RISC OS 4 at about twice the speed of a StrongARM machine. There is a bit of a power hit however - RISC OS will "only" run for 2.5 hours on battery power as opposed to 5 or 6 hours under Windows XP (also included in the asking price). However, as my AMD-based laptop only runs for about an hour and a half these days no matter what OS it's running, I still think that's pretty fair going. You also get a 40GB hard drive, wired and wireless networking, DVD/CDR drive, TV out, card reader and all sorts of goodies for a reasonable price - £1250 fully inclusive (I work that out to be roughly £1050 ex-everything, if you want to compare and contrast with your local PC boxshifter).
You can check out the press release for further details, or head on over to the RCI webpage.