Occassionally, I would pop my head over to SOGI, a Taiwanese mobile site for the latest news Taiwan has to offer (basically HTC). Sure enough, they got some hot off the press review and shots of the HTC Magic.
The screenshots of cupcake 1.5 update and onscreen keyboard looks pretty good. The HTC Magic is much better than the Dream (or G1) in my opinion.
Head on over for a good view yourself.