Gametrac Europe Ltd, a subsidiary of Jacksonville, Florida based Tiger Telematics Inc announced that its handheld mobile entertainment device will be marketed under the brand name of Gizmondo.

we reported about the first time about the GameTrac Mobile Gaming Device in November 2003.

The Gizmondo mobile game console is a wireless, handheld device featuring gaming, an MP3 music player, movie player, multi-media messaging, built-in camera and GPS function.

The Gizmondo is based on a 2.8" 320 x 240 LCD display and a 400MHz ARM-based CPU.
More details on the Gizmondo pretty cool Product Site and on The Register.
Gadget News Site Gizmodo is "slightly" offended about the similar Name choice. Read their article on the Gizmondo.