Take a Samsung Galaxy S. Strip out the cell radios, toss in some audio enhancements, and repackage it with a cumbersome name. Salt and pepper to taste, stir, and you've got the Samsung Galaxy S Wifi 4.2.
Samsung's not proffering too much, othern than it's "the best of Android experiences with powerful gaming on the go." Like most other high-end Android smartphones, we'd imagine, though we're having a hard time swallowing a Wifi-only device that's just been announced with Android 2.3 Gingerbread. It's got the aforementioned 4.2-inch display, 512MB of RAM and comes in 8GB or 16GB versions, with a 1 GHz processor and 1500 mAh battery. There's a 2MP rear camrea and VGA front-facing camera thrown in for good measure, and a front-facing speaker as well.