Shenzhen Gold-East Electronic has released the MP038 model, which plays MTV and MP4 video files on its 1.8-inch TFT screen that can display up to 65,000 colors. It also supports MP1/2/3/, WMA, ASF and WAV formats.

The product has a built-in FM radio and allows digital recording (most probably audio) and portable karaoke. It comes in 256MB, 512MB, 1GB and 2GB versions, and even lets you create a password-protected folder for all your private stuff. The MP038 is plug-and-play for Windows 98 and newer, and measures 67×41x13mm.

Did we mention that it comes in pink? Because it does. Really, really pink.

[via alibaba]