Gizmondo 2.0 - are more venture capitalists about to get massively stung?

The epic failure that was the Gizmondo handheld has seemingly not deterred Media Power from claiming that Gizmondo 2.0 is set to launch THIS SIDE of Christmas 2008.

You may remember that the first attempt to bring the Gizmodo console to market back in 2005 fell apart amidst a litany of massive financial embezzlement, high speed Ferrari Enzo crashes, impersonating police officers, and the standard guns and drugs charges (oh, and the non-standard accusations that the company was guilty of incredible levels of nepotism and that the Swedish Mafia were deeply involved in the project).

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