IMHO you are spot on. Looking like Nov 8, before we know.
VGA graphics with a quality polygon speed. Incredible games graphics. Without the 2700G5 a VGA device owner would feel very cheated as soon as something really nice came out and they had some dire fall back mode.
Added to the working area of VGA for getting work done. Turning PDA use from cute

to practical.
Of course as I'm talking practically, there really is no reason to rush off and buy the first model that comes along.
It is one serious piece of kit