Acer has beat the competition to unveiling the first NVIDIA ION 2 powered netbook to the masses with its new Aspire One 532G.

The folks over at Notebookitalia have kindly produced a video showing off their sample and it looks like it'll be a real winner.

Using a 10.1-inch LED backlight display, this netbook uses the N450 Atom processor running at 1.66GHz, but what is particularly nice to see is the use of NVIDIA's GT218 GPU with 512MB of dedicated memory.

To maintain optimal battery life (around 10 hrs or so), the GT218 is only called upon during graphics intensive tasks such as gaming, CUDA specific apps or video acceleration. In a normal working environment the more efficient GMA 315 IGP will be in action.

Acer plans to start shipping the Aspire One 532G by the end of this quarter; not long to wait!