Beyond 3D sends along a quote they obtained from D.Harold from VideoLogic saying the report on the EETimes mentioned here earlier (story) is not accurate. Here is the explanation of the error:

In regard to the EETimes: it is indeed a mistake. An NEC spokesperson in Japan did discuss the PowerVR 250 with them which is the chip on the Neon 250 from VideoLogic which has a shipping date of June. Unfortunately, they then went on to discuss NEC's plans for future PowerVR parts in the second half of this year and the two dates became confused, resulting in the published story.

I hope this clears up the confusion.