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Because this is Fisher-Price, this toy definitely has a educational component. The stylus-controlled touchscreen includes little applications for reading, drawing, handwriting, and art and music.
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Just like the iPad and iPhone, the device can work in different orientations (a digital monkey apparently chimes in when you need to turn the device) and additional programs will be available to download and transfer via USB or the built-in SD slot.
At $79.99, this could be a big hit when it hits shelves in October -- just in time for Christmas. I love seeing touchscreen technology coming to kids educational toys. What do you think?