Hualu has been showing off its latest Mobile Internet Device known as the UCG501 at the Hong Kong Electronics Fair. This new MID features a 5-inch touchscreen display with 800 x 480 resolution, a high-performance integrated graphics card and Windows OS.

It also features a built in mini-optical mouse, Bluetooth 2.0, CDMA communication, GPS system, web TV, web radio and a 4700mAh Polymer lithium-ion battery. Nothing on pricing and availability yet, but we are asking ourselves why would someone buy this over an iPhone?