A new MID ( Mobile Internet Device) or tablet if you prefer from Pasen will be available soon.
The new product from Pasen,called MID5 will run on Android,feature a 5'' 800x480 LPTS screen,wifi and will be able to decode up to 720P H.264/DIVX/AVI/RMVB including the popular format MKV (Matroska).
Battery life seem very good for such a compact device.Thanks to the 2300 mAh battery,it can last 4.5 hours of video,10 hours of music or 4 hours of internet browsing via wi-fi.
There is no release date yet and our contact at Pasen tell us that the price will be 199 USD . 

Look at the device specification here : Pasen MID5