Philips has released their new line of GoGear mobile media players with video playback capabilities.
The GoGear SA6000 series features a 2.2-inch color LCD screen (320×240 resolution,) and can play back WMV vid clips. Philips also throws in a software converter for AVI, QuickTime and DVD (VOB) format files. Audio playback includes MP3, WAV and WMA audio file formats as well as an FM tuner. Battery life is rated at 4 hours for video playback, and 15 hours for audio.
I was able to find the 2GB model (SA6025) for about $105 and the 4GB model (SA6045) for about $132 over on Amazon.