MS Origami

Here's a link to the Microsoft Origami Project advert that the Digital Kitchen accidentally (or may be purposefully) released...MS Origami.  By all speculation, the OrigamiProject device that Microsoft may be announcing at CEBit on 15th March (Origami Project link) looks to be a type of tablet pc.  The video clearly shows the pen driven interface but an optional plug-in keyboard.  Interestingly though, if you are quick on the pause button, the video also shows someone accessing their Media Centre (which appears to be running an old build of Longhorn - now Vista) from the device.  They access it using a Media Centre like interface; is the Origami Project device a media centre extender too?  It appears to be wireless capable.  In another section of the video the device is being used to play a 3D game.  It's unclear whether this is a PC game or not.  

Is this an overgrown PocketPC?