Ah I remember first seeing this post aswell. heres my follow up for 2 years later lol
With the way cellphones have gone in recent years (Android/iOS) do we really want a computer we can put on our wrist? Anything small enough to fit on our wrist will definately be matched in processing power/speed on something slightly bigger such as a cellphone.
I purchased myself an Android last September and so far the machine is GREAT! I bought the Sony Ericsson Xperia X10 and the phone has yet to let me down.
So far, I am actually streaming movies/music to my cellphone at work over the web (free wifi at work) for lunch and such. It will even Sync up my library over WiFi now with winamp being on the Android platform. What makes this even better is once you are able to get your hands on the SDK... your windows are open