iaudiophile.net posted some pics and specs of upcoming MP3 players from Cowon.
The Cowon iAudio M5 is a hard drive based MP3 player with limited video playback.
The Cowon iAudio M5 has a Color LCD, USB connectivity, picture viewer, FLAC, OGG, WMA, MP3, ASF, and WAV support, and will probably have a 20gb hard drive. There may also be a M5L model released with 40gb drive.
Weight and size of the Cowon iAudio M5 are said to be similar to the earlier M3 model which is 4.1″ x 2.4″ x 0.6″ and 4.8oz.
Price of the M5 might be in the $300-$350 range and it will be available in December.