Are they making an Xbox Portable?

OK. This has been rumored for a while. I use to be a sales manager at Circuit City. We had an employee of micrrosoft come in and do some vendor training. We asked him about this. You will see some type of "Portable" Xbox/PC. You will most likely see it surface as the "Microsoft Origami" Do a search on the Origami, and check it out. The Origami, will be a handheld PC with full compatibility, and sharing with the Xbox 360. The extent of Media you can share between them, as of right now, is unknown. Most likely to start it will be Xbox Downloadable Content. However, dont expect to be playing Halo 3 or Gears on the Origami...At least for a while. Also, Its slated to have a hefty price (between $500 and $700)