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Lenovo may have killed (or at least postponed indefinitely) the innovative Skylight smartbook. But that doesn’t mean the company’s giving up on ARM-based mini-notebooks altogether. Freescale Semiconducter is showing off a new ultraportable laptop prototype built by Pegatron and apparently slapped with some Lenovo IdeaPad branding.

The machine has a Freescale i.MX515 ARM-based chipset with an 800MHz processor and hardware acceleration for 720p HD video. It supports DDR2 memory and doesn’t need a heatsink because of the low power consumption and minimal heat buildup.

The device has a 3G modem and SIM card slot as well as an SDHC card slot, 2 USB ports and a mic/headphone jack.

It’s not entirely clear at the moment if this device is actually headed to market anytime soon. But aside from the ARM-based processor and Google Android operating system, the prototype looks a lot more like a typical laptop than the Lenovo Skylight — which may be a good thing or a bad thing depending on whether you were hoping for innovation or just a real product that can be built without too much R&D.