Apple iWalk: Mac OS-X based PDA?

Per Wigren noted that SpyMac claims to have pictures of the iWalk, the mysterious secret project scheduled to be announced any time now. It is apparently something between a subnotebook and a PDA running a scaled down OSX. Supposedly it can be a portable MP3 player, and it has apple's airport stuff built in. CT Nope. They announced the iPod instead, a lame MP3 player.