"Creative is pitching a tiny portable video player at Asian customers, though Western consumers may baulk at its diminutive display and slimline storage capacity. The compact, 6.6 x 3.2 x 1.6cm MuVo Vidz ships with either 1GB or 512MB of Flash memory, and presents JPEG photos and MPEG 4 video on a 1.18in 65536-colour OLED screen. As per Creative's other MuVo products, the Vidz is a music player too, supporting MP3 and WMA formats. It'll do voice recording too, and has an integrated FM receiver. It will encode direct to MP3 through a line-in facility. The Vidz is available in three colours: silver, pink and black. At this stage it's only available in Asia, and we can see its features and size playing well with local consumers."
So it looks like this player is set to directly compete with iRiver's U10 although it appears to have a smaller screen than the iRiver and doesn't support OGG. Anyways, I like the look of this device, very clean.