Akihabaranews has spotted Pico-ITX board.

Pictures of new ultra-mini motherboard form factor from VIA are spot on Akihabara, the place for the new electronic stuffs in Japan. Measuring only 10cm-by-7.2cm, the size of 2.5inch hard drive, Pico-ITX board is smaller than previous smallest motherboard from VIA, Nano-ITX which measured only 12cm-by-12cm.

Link. More pictures from CeBIT here.