Cowon has a new gadget multi-functions for the Korean market, which we hope will be soon in other territories. The Cowon N3 is compatible with the GPS and DMB TV capabilities, and runs on a 600MHz Alchemy CPU AU 1250, and Windows CE 5.0 OS. It’s got a 7 “800×480 touchscreen, and includes 32MB Flash, 128MB RAM, and a chip GPS SIRF III.

I4u writing that the N3 Cowon also 4W stereo speakers, SD card slots, AV, video camera online, and an FM transmitter. The device supports AVI, ASF, WMV, MPG, GMOs, DivX, XviD, MPEG4, WMV9 video formats, MP3, WMA, ASF, OGG, WAV, FLAC, APE, MPC audio formats, the JPG, BMP, PNG, RAW photo formats.

We will have to wait until early January for details on rates and availability.