Sorry, must have overlooked this thread and I started a new one. But I found this on pdabuyersguide.com. I'm hoping the reviews being released today will elaborate on this and state whether it's actually true or not.
"Both the iPAQ's gorgeous display and video benchmarks beat out the Dell Axim X50v VGA Pocket PC with Intel's 2700G graphics processor. The iPAQ has an ATI Imageon 3220 graphics chip, and these players have ATI optimizations which may help the iPAQ get the best numbers, along with HP's excellent video driver."
http://www.pdabuyersguide.com/iPAQ_hx4705.htm