via youtube.com
With a 1.6GB processor and 120GB hard drive this thing looks like it will have the same limitations as every other netbook on the market running Windows.
The only unique features I see here are a SIM card slot and an HDMI-out port. The All About Symbian guys are currently chasing down more details.
I wouldn't expect Nokia to be able to compete on price with cheap netbooks from Asia, so if you ask me they really needed better specs than this...