Seems our forum is a buzz with news about this upcoming player, not only may it have a cover flow type of UI, but it will also have a built in FM transmitter, dual speakers and will be using a Rockchip media chip at its core.
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We had this emailed to us by the old Onda factory yesterday, its the first renderings of the Onda VX787, it will have a 4.3" touch screen, TFT screen of 480x272 resolution and 16 million colors, NO WIFI (unlike previously thought), the touch screen is to be capacitive and we speculate will be running on the Ingenics (chinchips) JZ4742 chipset (400mHz MIPS Processor).
On a interesting note about the the above picture, it shows that there maybe a coverflow type of operation on this device, coverflow type devices have already started to pop up in CECT phones like the SciPhone, so its not improbable that a more powerful chipset like the JZ4742 and a bigger company like Onda would be capable to implement such a similar thing.
The player will be able to player higher res videos at 30fp