"Pocket iPad"4.5 starson by Practical-Mac
Pros: Many features of iPad and iPhone in a long battery life, incredibly small pocket sized device
Cons: Low res camera, no camera LED, no Compass (GPS would be nice, but without built in map, useless, and would cost a lot more). (With 64GB of drive, would love FW800 for lightning fast sync's.)
Summary: In a Wi-Fi zone using messengers like Skype and Yahoo, I can make international phone calls. I can take pics and video, the screen resolution is better then photographs! And is super easy to use. A budget iPhone.