The product concept unveiled by Asus back in CeBit 2011 was the IRIS tablet phone concept.

Iris-on-the-go-wrist-watch

IRIS-wristwatch-concept

IRIS-play-

IRIS-tablet-concept

IRIS-concept-prototype

IRIS concept proposes a flexible device that suites different needs by changing its size and connecting to various accessories such as a Panorama Projector. Waveface Cloud powers IRIS in computing processing to achieve a minimal design and free form factors.

More info from AsusDesign.