The following Cowon MP3 player before, and the keychain-style iAudio E2 already caused no small amount of confusion. While he seems a less screen PMP in the way the iPod shuffle, the row of icons at the top of the Cowon teaser (which you get full size after the cut) seems to indicate a complete range of functions.

Cowon iAudio E2 MP3 player
In fact, the symbols – with a camera, USB thumb drive, radio, door-and coffee-cup – are rather confusing. The most obvious explanation is that they recommend iAudio E2 acts as a USB memory stick and a media player, ideal for storing files and other information.
This is all speculation, but we have to wait and see what Cowon their sleeves when they finally announce the curious DAP. Click on image for full size of the teaser.
[...] 8 GB or 16 GB internal memory, MicroSD memory card slot, 2.0 “screen at 220 x 176 resolution, MP3, WMA and AVI support, Integrated FM leafar and Recorder. You can use the 8 GB and 16 GB for 60 [...]
[...] has begun to ship the iAudio 9 and E2 in the US, so you now have a portable media player on the radar when you purchase one after long [...]