Hi,
 I just got a hardbit from the manufacturer in SZ (very kind btw).

What you get:

- 1 android device (2.5'')
- 2 batteries
- 1 USB cable
- 1 USB charger

Hardware:

It is an android 2.5'' phone: you can find same hardware on amazon or ebay (http://www.ebay.com/itm/2013-New-2-45-touch-screen-the-worlds-smallest-Land-Rover-Android-smartphone-/121215810011, http://www.amazon.com/dp/B00HIHRWEK/?tag=newvie-20)

Software:

A custom version of android and a wallet application are loaded into the Hardbit.
You have to download an application on your smartphone (it seems that there is only an android version at the moment)

How it works:

The hardbit is using QR codes to communicate with the smartphone. By this way you can sync the balance of the wallet, propagate a transaction and create a backup of the wallet.

The wallet and backups are protected by a password that you are requested to create when your first turn on the hardbit (at least 10 caracters)

First Conclusions:

It is a very smart idea!
However, I would have more details on the way the private key is generated (I will ask a friend to translate the technical document).

If I can find some time, I will upload some pictures tomorrow.