Here it is in the flesh; the Nokia Booklet 3G. Unboxed by YouTube user Titanas, who remarked that it’s got, “Pretty amazing hardware in terms of design and elegance. 3G, HSDPA, Bluetooth, WiFi, GPS, Windows 7 Home Premium.”
Looks like a netbook to me, maybe a bit nicer-looking than the majority of netbooks out there but a netbook nonetheless. And at the equivalent of $1,000, the (hopefully) subsidized price once it hits the US will be the true measure of its popularity.