Recently I had a chance to try out this kit and I thought I would share my experiences.
This is an “SoM” (System on Module), based on a Freescale i.MX515 processor (ARM Cortex A-8), clocked at 800 MHz, with 512 MiB SDRAM and 512 MiB NAND flash. As such it is ideal for driving a graphical display or for multimedia processing, but it is also cheap enough for simpler tasks that just need a lot of compute power such as encrypted communications. The module itself is about the size of a business card: