Asus introduces Internet radios at the Computex 2007 dubbed AIR.

Asus reaches with their new line of Internet streaming radios into consumer electronics market. The design of the Asus AIR radios is slightly retro using wooden cases.
AIR connects via Wi-Fi b/g to your wireless network and can store 250 stations that you can manage on a LCD display.
The AIR radios also have an Ethernet plug and one of the stereo speakers is detachable.

There will be two models. The Internet Radio 3 (AIR 3), comes with an iPod dock on top and sell for about $400. The AIR 1 comes without an iPod dock and will sell for $200. Asus will ship the AIR devices in time for the Christmas Holidays.
More photos on Zol (Chinese).