The Vulcan FlipStart, an ultramobile PC first announced in 2003, is apparently a little closer to store shelves, despite a longstanding reputation as vaporware.
The gang over at PCMag.com actually have a full review of the not-yet-released FlipStart E-1001S--a system that looks more like a shrunk-down ultraportable laptop than a Sidekick-style UMPC such as the Sony VAIO UX.
The E-1001S flips open to reveal a full QWERTY keyboard and a 5.6-inch screen with a 1024x600 resolution. With a Pentium M CPU, a 30GB hard drive, and only 512MB of RAM, it's probably not going to be your main notebook, but for basic Web-surfing and e-mailing, we'd be willing to give it a shot. Other cool extras include a secondary display on the lid for checking e-mail while the lid is closed, an EVDO antenna, and both a touchpad and pointing stick.
Vulcan was started by Microsoft co-founder Paul Allen, so the company has a serious technology pedigree. There's no release date yet, but PC Mag says the E-1001S will go for $1,999.