Cowon rolls out a new P5 portable media player. Sporting a luxury hairline metal body, it is also available in red, platinum and black colors. The P5 player measures 138.8 x 88.5 x 20.0 mm and weighs 380g. The device bundles up some amazing features.

The Cowon P5 features 5 inch touchscreen, 800×480px resolution, Bluetooth, FM radio, USB host, USB 2.0, Widget and Haptic User interface, T-DMB TV tuner, photo player and document viewer.The P5 runs on the RMI Alchemy AU1250 700 Mhz CPU. Its video and music player supports AVI, ASF, MPG, WMV, OGM, Xvid, DivX, MPEG4, WMV9, MP3, WMA and AC3 file formats. It is available w various storage options such as 40GB, 60GB and 80GB.

Though it does not come with integrated Wi-Fi, you can connect to the internet using the WiFi USB stick. The price is not yet revealed. The player is expected to hit the Korean markets on July 29.

If you’re a Cowon iAudio fan you’ll love this. Their small PMP the Cowon iAudio D2 has just got an upgrade to a 16GB edition and is now retailing online in the US. The D2 is a full featured PMP with a touch screen display and support for external memory via SD cards. That's of course if you think that 16GB is not enough for you. It will have all other features intact including the TV out function.The D2 16GB is available online in the US for a price of $240 that works out to about Rs. 10,000. This may be a great price for America, but what about India?