Yesterday's rumors have born fruit! Archos has announced their latest Internet tablet, the Archos 5. This new pocket computer runs on the Android OS, and comes in two different models. You can either get the flash drive version, and go with 16 or 32 GB of storage, or take the HD version and have 160 GB or 500 GB of storage.

The Archos 5 comes with WiFi connectivity, and is Bluetooth enabled. That means it can be tethered with a 3.5G smartphone, for those of you who need your Internet on-the-go. While this tablet is about the same size as a smartphone, it has features any phone would die for. It packs a huge 4.8" touchscreen, GPS, an FM transmitter/receiver, a host of pre-installed apps, 720p HD support, and HDMI out. It's processor is a beastly Ti OMAP3.

Boy Genius notes that Archos also announced the coming of another high-end product today. This one was a mysterious Phone Tablet, which the manufacturer has been very tight-lipped about. We know it will come with a 1 GHz processor and 3.5G HSDPA/HSUPA connectivity, plus the 4.8" screen its brother has.

Prices for the Archos 5 start at $299 for the 16 GB flash memory tablet, or $379 for the 32 GB model. The HD tablets are $329 for 160 GB, and $429 for 500 GB. All products are currently listed as "out of stock".