UPDATE: There is an Amazon page for the Monterra that lists it as a 4″ unit with WiFi, 1080p video, and an Android OS with the ability to use Android apps — opening the door to app developers creating “new outdoor-centric apps.” The MSRP is shown as $699.99.
GPS device incorporating altimeters, compasses, accelerometers, gyroscope, GLONASS navigation system, video and still image cameras, FM and weather radio receivers, sensors for determination of sun burning portion of the UV spectrum, and a wireless communication device featuring data and image transmission.
This makes a lot of sense in terms of adding new features for a flagship handheld.
Meanwhile, the Garmin Virb filing seems to put the company in the standalone camera business:
Cameras incorporating GPS data, altimeter, barometer, accelerometer, GPS tracking device, and transceiver to allow communication with other electronic devices; camera mounts and supports; camera cases.
This one is more questionable. Sure, GPS cameras are hot among the professional and prosumer camera crowd, but will those buyers really choose a first-generation Garmin camera over a Nikon or Canon? On the other hand, what if it is a camera that incorporates a fully functional GPS navigator? That might make a bit more sense in terms of being able to tap into Garmin’s existing markets.