COWON is looking to release a new and juicy PMP player with WiFi, HSDPA wireless broadband connectivity, EDGE and GPRS. This is similar to Nokia’s N95 offering, without the calling and 5 MPx camera functionalities, of course. But it’s got DVR (digital video recording) functions and even a GPS with text-to-speech function with 11 million points of interests. The Q5 must be the most advanced and well-connected PMP to date with these other specs: 5-inch 800×480 pixel touchscreen, FM radio with recording capability, voice recording, and stereo speakers.

The COWON Q5 is set to be released Q2 2007 priced at $500 for the 40GB and $550 for the 60GB version. More pictures on Gizmodo.