China is the place to be when it comes to everything related to electronics (but you knew that) and the latest DAP to emerge from the shores of the Far East is the 512MB Ainol V3 Player. This new player is jam packed with features and supports almost all formats under the sun including MP3/WMA/WAV/Ogg and JPG/BMP/GIF photos. The Ainol V3 sports a 260K 1.3-inch TFT and there is FM Radio too. Transfers of files can be done via the onboard USB 2.0 port and other features include text reader and a miniSD card slot.

Measuring 2.36" x 1.29" x 0.51", it is available in colors like white, black, and pink. It is powered by a lithium battery which is capable of 8 hours of playback and is user replaceable. While the 1GB model retails for $69, the 512MB can be yours for $50. You can order it from the Ainol website here.

Via Anything But iPod