The previous Philips GoGear MP3 Players we mentioned – SA5225 and SA6045 – were pretty good, but Philips has gone downhill and released a lower-end device codenamed GoGear SA2940.

According to Philips, this is their first portable media player that uses a OLED screen that can display colors, a bit strange to say the least. Anyhow, the GoGear SA2940 will boast 4GB of storage capacity, and support for MP3, WMA, and WAV files.

The connectivity to other devices is made via USB 2.0, and it has all the extras from a Philips point of view: built-in equalizer, voice recording, radio FM tuner.

Unfortunately there is no information about the price or release date.

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