We've already seen the Intel Medfield reference device with our hands on earlier today, but during the Intel Keynote they took it out on stage to show it off to the world.
The device itself is pretty fully loaded. NFC, HDMI, and an 8-megapixel camera that can take 10 high resolution pictures a second. The design also supports upto a 16-megapixel camera. While running Gingerbread, it's clear that this is a highly optimized version of Gingerbread, that performs amazingly well on the device.
The 1080p video playback was shown alongside an HTC device in a time lapse video, which illustrated how the Intel device outlasted the HTC one by hour in terms of battery life. The claim is that 1080p video playback is offered without sacrificing battery life.