Looking a tad plasticky, this one appears to be the affordable version of Samsung Galaxy Player YP-GB1;
A Non-Phone Android Portable Media Device
Few confirmed details are available as yet but off hand, we can expect Samsung Galaxy Player 50 to run on Android 2.1 OS and feature a 3.2-inch screen, 2 MegaPixel camera, Bluetooth DLNA, Wi-Fi, 8 or 16GB internal memory, microSD card slot, SoundAlive, FM Radio and DivX support.
Samsung hasn't released the official pricing and release details of this PMP. I believe though that it's set to hit store shelves worldwide within Q1 or Q2 of 2011.
Kindly stay tuned for updates.