We just got out of an interview with Dov Moran, founder of Modu. As we suspected, the device is a module -based GSM system that includes a small, fully-functional phone and a set of “mates” or “jackets.” You can pop the phone in and out of different devices and add GSM functionality to almost anything, from GPS units to cameras. You’ll pay about 200 euro for a phone and two jackets and then a little extra for different devices.
The product will be very interesting to CE manufacturers in that it reduces to the time-to-market considerably and ensures they don’t have to go through FCC testing with every new mobile product. John at CrunchGear has a more detailed take on things but the idea is very compelling.