The iPed is a Black Market Version of the iPad
Slightly heavier than the original, the iPed runs with an Intel processor and Google's open source operating system, Android. No word on whether Apple has heard of the iPed or if they've filed a lawsuit against the Chinese company.
Implications - Corporations often try to peddle imitation wares of famous brand products to consumers, hoping to capitalize on the original product's popularity. Corporations may consider releasing products associated with their own popular wares in order to capitalize off the popularity of their own brand names.