A photo of a 'mock up' iPhone Table can be seen below, and more at the iPhone Table blog, but there are definitely some questions that don't yet have answers.
We do know the team has reported its Table Connect software is in 'alpha' release, with a video promised of the system in action due to arrive at the blog in little more than 24 hours at the time of publication.
We also know that it is reported working on iPhone 4 and 3GS models running iOS 4, but won't work on the original iPhone or the subsequent iPhone 3G 'due to slow processing power'.
The makers say the table 'opens a wide range of possibilities of multi-person controlled apps' and that the rather snazzy looking 'table' has a 'reduced design that goes perfectly with your iPhone'.
They also say your iPhone is 'attached via the standard dock connector - immediately after it is attached, the magic starts to happen. The entire content of the iPhone's screen will be projected onto the multitouch table, still giving full access to all the touch gestures using multitouch technology.'
As the blog notes, Engadget previously brought news of a concept design showing a very iPhone 4-esque 70-inch multi-touch table from Hyundai, but it looks like the iPhone Table will be available sooner than Hyundai's, although both tables have well and truly been beaten to market by Microsoft's Surface table, which was announced, from memory, around the same time as the original iPhone was announced in January 2007.
A photo of the iPhone table is below, please read on to page two for what we don't yet know.
There's no word yet on pricing, despite obvious attempts by people to find out since news of the table first spread, and no specific timeframe for release, although the upcoming video will likely spill more details, as the blog urges us all to 'check back often in the coming days as we will post demos and news on the final development of Table Connect for iPhone.'
That said, the fact that an iPhone needs to be jailbroken before it will work with this table gives us a clue into how dim Apple's view of the whole thing might be - especially as it comes presumably long before Apple will get into the iTable business.
Looking at the group's Facebook page, it looks like they're also thinking of producing the table to work with other smartphones, and given that so many of them now feature multi-touch capacitive displays, we'll undoubtedly see more smartphones supported.
Indeed, there are some smartphones such as Nokia's N8 that already support the full output of the phone's display to a video-out port, which the iPhone can't do without jailbreaking, but given the need to capture multi-touch input, additional software will be needed for each smartphone platform.
The cost of the device will be a big issue for any potential more widespread adoption. Microsoft's Surface costs over $20,000 in Australia, so the iPhone Table will probably cost anywhere from $5000 and presumably up to where the Surface sits today, and while I think it will be expensive, I don't think it will be that expensive.
I guess we'll just have to wait and see! There'll be more video and information at the iPhone Table blog soon.