The waiting is over, Cowon officially launched the Z2 "Plenue" in Korea, which is apparently the Cowon D3's successor (of course, the naming scheme is as stupid as always) and comes with a lot of changes.

First off, the Z2 does NOT have Android 4.0 ICS, it still uses Android 2.3 GB. But who knows, maybe we will see an update to ICS in the future?
Anyway, these are the Z2's specs:
CPU/GPU: 1GHz ARM Cortex A8, 800MHz VPU (for FullHD playback), 320MHz Mali 3D GPU
RAM: 512 MB
Screen: 3.7" AMOLED 800x480
OS: Android 2.3 Gingerbread
WiFi: IEEE 802.11 b/g/n
Bluetooth: 2.1 + EDR, A2DP / AVRCP / OPP Profile
Battery: 22h Music / 8h30 Video
Dimensions, Weight: W x H x D - 62.8mm x 116.5mm x 11.8mm; 116g
Available Memory: 8GB, 16GB, 32GB
Other: microSD Slot, G-Sensor, Radio, Microphone, Speakers
Supported Audio: MP3/2/1, WMA, OGG, WAV, ASF, FLAC, APE, M4A
Supported Video Containers: AVI, WMV, ASF, MP4, MKV, MPG, DAT, TS, TP, TRP, 3GP
Supported Video Codes: DivX, XviD, H.264, WMV 9/8/7, MPEG1
Audio Effects/Enhancements: JetEffect 5.0
> 44 Presets + 4 User Profiles
> 5 Band Equalizer
> BBE+: BBE, Mach3Bass, 3D Surround, MP Enhance
> Special Effects: Stereo Enhance, Reverb
> Lossless Mixer
> Playback Speed: 50% - 200%
Prices:
8GB: 259,000 KRW -> 228 USD
16GB: 299,000 KRW -> 264 USD
32GB: 339,000 KRW -> 298 USD
Links:
-
Official Product Page