Beagleboard now seems to have a sister project called Pandaboard which is similar in it’s form to the Beagleboard designs but uses more powerful dualcore 1Ghz OMAP 4430 CPU and has 1GB of RAM.
Size is ~11x10cm and like beagleboard it’s fanless and actually doesn’t seem to have any heatsinks too. Since it should be capable of decoding h264 videos at 1080p resolution it will probably be widely successful with the HTPC crowd.
It even has an ethernet port, 802.11b/g/n wifi & bluetooth directly on board so there’s no need to use USB networking adapters that we had to use with the Beagleboard.

Power consumption of the beagleboard was around 3W when playing videos so I speculate the pandaboard uses at most 6W.

I will probably buy it for home automation & robotics experimentation. Also hacking it will probably become a good Meego devel platform.