TransPhone, as the device is called, is a phone + tablet duo in the same way like the Padfone, but it tries to keep things a bit more affordable with lower specs and a smaller form-factor. The phone part of the TransPhone features goodies like a 3.5" display, single-core CPU, 512MB RAM, 5MP camera and HSPA connectivity among other things. The tablet part, on the other hand, can quickly enlarge the image with its 7" screen, and power it with its own, beefier battery.
The TransPhone can be purchased now for $429.99, which doesn't sound like a great deal for what you're getting. Interestingly, the manufacturer also offers some other choices like getting an additional tablet part (called TransPad) for $140 (kind of weird why someone would need two of those), a phone part for $379, a family pack consisting of two TransPhones and two TransPacks plus an additional charger for $999, or the ultimate super-mega business pack consisting of 10 TransPhones, 15 TransPads and 5 additional chargers for the perfectly reasonable price of $4499.
We want to inform you that PhoneArena is currently in talks with ExoTablet about purchasing a business pack of TransPhones in order to improve team communication and productivity while in the office and on the go.
source: ExoTablet via IntoMobile
... All joking aside, here are some images of the product: