Cupertino status symbol it most certainly is not, but the Gemei HD8800 does offer 1080p support and has it where it counts. It being price.

For about $122, the HD8800 will play back your media in glorious HD on its 4.3-in. screen. Or on a TV, where you can boost the portable’s 800×480 image all the way up to true 1920×1080 HD.

The player supports *deep breath* RMVB, MOV, AVI, VOB, MKV, MP4, WMV, TS, TP, MPG, Flash, and can play MP3, WMA, FLAC and APE music files. [Ownta via PMP Today]

Here is the original:
Gemei HD8800 Offers Down and Dirty 1080p On the Cheap [PMPs]