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There’ve been rumors floating around for months that Asus is working on an eBook reader. But according to the Times Online, it’s not going to look like any other dedicated eBook reader on the market. That’s because instead of going with the typical e-ink display, Asus is reportedly going with a bright, full color OLED display that will be able to handle magazines as well as books (and presumably newspapers and/or web sites).

According to the Times Online, the tablet will features a 6 inch screen, support WiFi and 3G, and be able to play Flash video. Oh yeah, and the battery is supposed to be good for up to 122 hours.

No word on what kind of processor the Asus eReader would use, but my money’s on it not being a Core i7. Think ARM-based chips like recent entries from Qualcomm, Freescale, or Marvell. I’m still not sure how you can expect to get that kind of battery life out of any processor with an OLED display, but for all we know, the 6 inch tablet will have a 3 pound battery.

No word on pricing, but we do have a model number to keep an eye on: The Asus DR-570. Rumor has it that the device should be available before the end of the year.

via Engadget