Another hint about mysterious ASUS “Pad or Phone” device

ASUS continues its “Pad or Phone” teaser campaign ahead of Computex. Below is the latest image released:

Upcoming ASUS device

Are we looking at a smaller 5- to 7-inch tablet? If so, how does the netbook with a “twist” teaser fit into this? Could this be a smartphone that docks into a convertible netbook/tablet hybrid accessory?

Any thoughts?

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