I see your point, paybtc!
Of course I would prefer a "dedicated" wallet hardware.
It seems a lot of effort was put into the Ellet (at least the announcements was made to sound like it). Nevertheless, the original post was on 07.June.2012, 02:14:52 and now it seems to be on halt, precisely because of the hardware..
Maybe Bitcoin is still too small for such a hardware project. Other hardwareprojects are crashing and burning in these very days, in a spectacular way.. ;-)
Hardware random number generator - this might be a KO-criterium , thanks for the hint!
I am sure we will eventually hold a neat dedicated piece of bitcoinhardware in our hands!
Ente
Designing hardware is definitely difficult and can be expensive, and I believe that this project was a bit too broad in its goals (especially as one of the first devices in an unknown market.)
However, there are actually some hardware wallets for Bitcoin in the works right now!!!
https://en.bitcoin.it/wiki/Hardware_wallet