Another folio-like device coming?

Here’s another product-launch before CES.  Laptop Magazine (via Engadget) has a story about a foleo-like device, which Engadget has already call it a failure.  Celio Corporation will launch the REDLFY, a windows mobile device with a larger screen and full-length keyboard.  From Laptop Magazine:

Unlike the Foleo, the 1.9-pound REDFLY doesn’t have its own processor or operating system; it syncs over USB or Bluetooth 2.0 with your smart phone and extends Windows Mobile to an 8-inch display

No launch date has been set, although I’ll guess a date will be set at CES and the price at $499.