HP announces the $1,299 TouchSmart IQ504 (PC) and $1,499 TouchSmart IQ506 (PC with TV tuner). To me this is very similar to the Apple iMac. The 22-inch in width and 2.6-inch thick Touchsmart has a 500 GB Disk, 2.16GHz Intel Core Duo T5850 processor, 802.11n WiFi and 256MB of NVIDIA GeForce 9300 M HS HD graphics.

According to what i read on engadget it will be launching in 17 countries next month.