Cowon has announced that it plans to release its new MP3P ‘iAUDIO U3’ on October 19th. The sleek U3 is equipped with 1.2-inch 260,000 color TFT-LCD. It comes with video clips, image, FM tuner and text viewer functions. It is small but powerful enough to provide 60mW sound. It offers various tones with BBE sound effect and JetEffect. The theme skin can be changed along with 8 color options. You can even apply your own logo to the screen. It weighs only 32.5 grams with internal battery. It runs for 20 hours on a 3 hour charge. It connects to the PC via USB 2.0. It will be avaialble in two colors Platinum white and Black.