Update: Ha, Gizmondo spared no expense with the teaser -- it's all yours for just $66 bucks over at TemplateMonster.

Oh cruel, cruel world... is it true? A cruel hoax or has Stefan Eriksson, freshly sprung from the clink, really teamed up with former accomplice Carl Freer in a bid to resurrect Gizmondo as the Swedish press claims?

If true, the service is set for a Christmas 2008 launch with the promise of a "Gizmondo Live Marketplace" presumably chock-full of open source games running on a supposed $100 device. Will it really "democratize gaming?" Hardly. No worries though, we'll be too busy checking out the "exciting psychic worlds" to notice.

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