Oh cruel, cruel word… is it true? A teaser site for Gizmondo just appeared in the fetid bowels of the Internets boasting that the “legend is reborn.” A cruel hoax or has Stefan Eriksson, freshly sprung from the clink, really teamed up with former accomplice Carl Freer in a bid to resurrect Gizmondo as the Swedish press claims? If true, the service is set for a Christmas 2008 launch with the promise of a “Gizmondo Live Marketplace” presumably chock-full of open source games running on a supposed $100 device. Will it really “democratize gaming?” Hardly. No worries though, we’ll be too busy checking out the “exciting psychic worlds” to notice.

Update: Ha, Gizmondo spared no expense with the teaser — it’s all yours for just $66 bucks over at TemplateMonster.

[Thanks, Olof and Jon R.]

Read — [Warning: Swedish]
Read — Teaser site