(Gizmodo) Just about every MP3 player seems to be getting a boost in storage capacity this week, and iRiver’s flagship is no exception. Their 20GB iHP-120 player is being followed by the 40GB iHP-140, and like its predecessor, the iHP-140 has an almost overwhelming array of features (many of which are missing from the iPod)…

iHP-140 is one of the first MP3players that supports the new upcoming, and very popular, music file format Ogg Vorbis. Another new feature on iHP-140 is the ability to plug-in an external mic, using the players mic-in. You now have the ability to encode MP3 files directly in the player itself, or if you like you can record to a high quality WAV file. Use the iHP-140’s optical line-in and get those crisp and ultra clear recordings, either by hooking up your player to your portable CD player or your home sound system. The iHP-140 will give you 100% quality each time and of course you can set the bit rate on your recordings just as you want it to be.

Absolutely packed with superb and powerful features that with no doubt will satisfy even the most fastidious hi-fi enthusiast. It’s nothing less then a phenomenon that this small and extremely portable HDDMP3player can present such a powerful list of features.

Perfect is an understatement…