Archos have announced their new portable media player – 704 Wi-Fi. The PMP has a wide 7″ touchscreen display (800×480 pixel resolution) and it weights only 22 ounces. The wireless device is equipped with 802.11g Wi-Fi and 80 GB hard disk. Archos 704 Wi-Fi supports a wide range of audio and video files: MP3, WMA, AAC, AC3, WMV, AVI and MPEG4. For office applications, Archos has PDF reader and Opera browser. The retail price for Archos 704 Wi-Fi is $549.99. An optional feature is the DVR station dock to record TV shows thanks to the built-in TV tuner.