<img src="http://tctechcrunch2011.files.wordpress.com/2007/01/MMC slot, 2.2-inch display and a movie playback rate of 30FPS. Not too bad for something that only costs $99. Most likely this thing will play back all of Disney's movies, available for separate purchase instead of being ripped from the DVDs and VHS cassettes you already own.
The player plays WMV, MP3/WMA, and JPEGs. An interesting warm-up device for your kids that you don't quite trust yet to handle an iPod (we've seen your kids, we wouldn't trust them either). Available in a month.