Cowon’s V5 has become a player that we have grown to love in 2010 (even if it is Windows CE powered), but consumers will soon be falling out of love with the player after Cowon announced its V5W.

The device packs a 4.8-inch WVGA screen and is available in either 8GB, 16GB, 32GB and 64GB – keeping the SD expansion slot. Yes, we can ignore the HD support (720p).  Keeping in line with the V5, the V5W handles HD file format’s, but it also comes fitted with HDMI and composite output.

The big news is the WiFi 802.11 b/g support, sitting it just short of a full blown tablet. That’s right, Cowon have preloaded the Opera browser and a YouTube viewer to take advantage of the new wireless connection. The browser comes coupled with a multimedia app, image viewer, voice recorder, text reader, calculator, metric converter, world clock, and DMB-tuner amongst others.

The player still keeps its light power consumption, capable of 45 hours of continuous audio, 10 hours of continuous video. or 300 hours on standby.

It will be released to Korea in July (with the rest of us to follow) in three colors – Purple, Black, White.

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