The Acer MP-500 has just been unveiled and is all set for a face off with the gigantic iPod.This touch screen portable player comes with a 320x240 screen resolution and a 3.5 inch touch screen. The Acer MP-500 weighs around 7 ounce and is available with either 20 or 40 GB disk space. The MP-500 can play about 4 hours of video and 8 hours of audio formats like WMA, MP3 and AAC. There has been no word on what video formats it supports however formats like MPEG, AVI, ASF and WMV would be mandatory. No word on pricing or availability yet.
