In a recent interview, made by a Swedish news site Realtid.se, the former director of Gizmondo Europe Carl Freer says he will bring Gizmondo back.
-There is still life in this product. The market is dominated by two products and there is a vacuum to fill. Gizmondo was the first real game console for many types of entertainment and we don't know any other products with equal properties, Carl Freer says. If all goes well we will be up and running by May next year. I intend to make this version cheap and work with open source.
He also says that by Christmas 2008 a more advanced Gizmondo with a wider screen will be launched and that he has already made an agreement with a Chinese company to manufacture the console.