The 7-inch device has an ARM-based Actions CPU, 8GB of memory, HDMI connectivity and up to 6 hours of battery life
http://www.notebookcheck.net/Ainol-outs-the-Quad-Core-Novo-7-Crystal-2-tablet.90137.0.html
Please do a review of this tablet, and maybe even do a roundup sometime in the future including more mainstream ones.
Good to see you're aware that the ATM7029 is actually a Cortex-A5 and not "A9 family" as the manufacturers claim. However, 1.5 GHz is also wrong, at least so far. The CPU is currently clocked at 1.2 GHz and since Actions lists the maximum speed as 1.3 GHz on their official website, it's unlikely that there'll be an official firmware running the ATM7029 at 1.5 GHz.