Is it a Phone? Is it a Tablet? It's a .... Galaxy Note.

From Samsung. They say it is the ultimate on-the-go device which consolidates core benefits of diverse mobile devices while maintaining smartphone portability.

Processor
1.4GHz Dual Core Processor

Display
5.3" WXGA (1280 x 800) screen*
HD Super AMOLED

 Video
1080p Full HD video recording & playback
Recording: 1080p@24~30fps/
Playback: 1080p@30fps
Codec: MPEG4/ H.263/ H.264/ DivX, Xvid, WMV, VC-1

Audio
Codec : MP3, AAC, AMR, WMA, WAV, FLAC, OGG
Music Player with SoundAlive
3.5mm Ear Jack, Stereo FM Radio with RDS

Multi Input
Full touch
+ S Pen (Advanced smart pen)

Size
146.85 x 82.95 x 9.65 mm, 178g 

Consumer research indicates that people always want to do more tasks much better, even on the go, whether it is web browsing, email, games, or viewing photos and videos.

Even for consumers with multiple smart devices, they still carry around a notepad for writing down ideas. 
 
To do all this, consumers carry multiple devices, because each device has unique benefits that work best in a particular situation. Therefore, consumers constantly switch devices to use the right device at the right time.

There is an emerging desire for a primary device for on-the-go use that could consolidate the core tasks of multiple devices as well as recreate the ease and simplicity of using a pen and paper.