Cowon has released its latest GPS navigation system entitled N3, which comes with a hefty price tag of $550. But since you get what you pay for, it is obvious that the quality is pretty good.

In addition to the usual multimedia player features, the N3 has a DMB receiver so you can watch digital TV and listen to radio, a “huge” 7-inch touchscreen with 6 extra buttons located on the right side, and lastly, it uses the TPEG service to provide real time information about the traffic.

Cowon N3 runs on a 600Mhz AU1250 processor.