Samsung announces that it has developed the first Solid State Disk (SSD) based on NAND Flash memory technology for consumer and mobile PC applications.

The NAND-based SSD is a low power, lightweight storage media for notebook PCs, sub-notebook PCs and tablet PCs. Using the industry's highest density 8Gb (Gigabit) NAND Flash, Samsung can build SSDs with a capacity of up to 16GB.
The SSD's performance rate exceeds that of a comparably sized HDD by more than 150 percent. The storage disk reads data at 57 MegaBytes per second (MBps) and writes it at 32MBps.
We reported about the 176GB military-grade flash drive by M-Systems that has 320MB/s transfer rates, quite a bit faster.
To ensure compatibility, SSDs have been designed to look like HDDs from the outside. Samsung has developed a full line up of SSDs: 2.5-inch type SSDs that carry 16 NAND Flash devices of 4Gbit or 8Gbit density for 8GBytes and 16GByte of storage respectively. Samsung's 1.8 inch type SSDs will offer 4GBytes or 8GBytes of density. They will be available in August.
More details in Samsung press-release.