The device has an integrated processor and near-eye micro display, and looks like a slightly bulkier version of Google Glass.

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Processor designer Advanced Micro Devices announced updates to its A-Series lineup of dual- and quad- core desktop and notebook processors Tuesday.

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Geared toward a younger (18 and under) demographic, MG will use Android 4.0 (Ice Cream Sandwich) and feature a four-inch screen, 1GB RAM, 4GB built-in memory, an SD port for additional storage options, a DebitSmart digital wallet system to pay for games, a 1.3MP front-facing camera, micro USB 2.0, and a TCC8925 Cortex A5 processor.

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Just look at what Intel has done to Advanced Micro Devices over the past 12 months: Thanks to a salvo of new processor designs--and a cutting-edge manufacturing process--Intel has grabbed 76.3% of the market for the "x86" processors that power most of the world's computers in the final quarter of last year, up from 74.4% during the year-ago period, according to Mercury Research.

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The graphics market is now dominated by Nvidia and Advanced Micro Devices ' ATI division, both of which crank out so-called graphics chips built around hundreds of processor cores.

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