XACT Communications announced today that it has unveiled the ReGo, a portable Sirius Satellite Radio receiver that records satellite radio and plays MP3 files through a compact flash card.

Here's the only photo we have of it right now.

With the XACT ReGo, you'll be able to record up to 4 hours of live programming and play it back anytime. You can also store up to 1GB of music on flash cards that can be edited on a home computer then plugged into the ReGo's flash card slot or by simply hooking the ReGo up to your PC via the built in USB port.

No word as to how the unit will be powered considering the size of the current XACT Xtr1 'portable' battery pack. Also no mention as to whether this will debut the 3rd Generation of Sirius chipset. The current 2.5 Gen chipset is manufactured by Agere Systems.

UPDATE:
More information on the ReGo has been released - check it out here.