Philips has updated its GoGear SA2925/97 portable audio players with the GoGear SA2940, which adds a 1.5-inch OLED color display. The display can show album art other status information such as track progress and battery status, but the specs are otherwise identical to the outgoing model's, and include 4GB of internal memory, 30 hours of battery life, a bult-in equalizer, and support for MP3, WAV and WMA audio files.

Also, there is a built-in voice-recorder along with an FM tuner. Transfering files to and from PCs is done via a USB 2.0 connection. Philips has not announced release dates or pricing for the GoGear SA2940. [via GenerationMP3]