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168 MHz, since I couldn't find that in the article. The price/performance seems poor compared to 65-cent M3s, but the performance looks impressive.
This is $15 for an entire board, but it will probably take a bit of time to get volume pricing lower. For $15 it seems like a good deal for a development board and chip.
They recently sent one of these to me for free [1] as part of a promotion for robotics enthusiasts. It runs DFU for its boot process, they have examples for various compile system IAR/Keil etc but no explicit gcc support.

Looks similar to the NetDuino space although frankly I'd love to see a microSD card slot for holding stuff rather than simply relying on the on-chip flash.

I'd love to understand the lowest cost HDMI compatible frame buffer interface one could put on these. I've got an idea/application that I started prototyping on a Chumby which would benefit from their price point.

[1] http://www.st.com/internet/mcu/class/1734.jsp

With an ARM11, HDMI and SD card, would a Raspberry Pi suit your needs? http://www.raspberrypi.org/

ETA December at current rate and enough real world examples at the alpha stage to be a cut above vapour :)

I got in on that promotion also. I joined the IRC channel but have been too busy to start doing anything with it. Pretty interesting. Especially with the motion/sound sensing and audio out built in.