The time has finally come for the ASUS PadFone at the Mobile World Congress in Barcelona, Spain. Previously announced at last years CES, the PadFone features a smartphone/tablet combo. In essence the PadFone combines a 4.3″ Super AMOLED screen powered by Android 4.0 (Ice Cream Sandwich), with a 10.1″ tablet that increases the battery life up to 5 times longer.

The magic happens when you insert the PadPhone into the optional PadPhone Station. The “Station” is a dock on the back of the tablet that, when inserted, the system uses ASUS’ proprietary “Dynamic Display Technology ” to seamlessly transition between the PadFone and PadFone Station display screens. As an option, they also offer a keyboard which will essentially to turn your PadFone into an ultra portable computing device. This 3-in-one design is unique, but haven’t we all dreamed of this in the past? Here’s hoping more smartphone/tablet makers get on board….cough, cough….Apple.

The new PadFone will feature the latest Qualcomm Snapdragon S4 dual core processor clocked at up to 1.5GHz. It also features an ultra-sharp 8-megapixel digital camera with Fuji image processor, a front facing camera(VGA) and between 16 and 64 GB of memory which is expandable through microSD. The PadFone Station has an eight megapixel rear camera and a 1.3-megapixel front facing one. It also has a mini HDMI port and a microSD slot.

As of this announcement there is no release date.