HP (NYSE: HPQ) has just made either the most hyperactive digital picture frame on the market or the lamest tablet PC ever.

The DreamScreen looks sort of like what you’d have if someone tore an HP Mini in two and handed you the monitor side. It’s a device that can run video, show pictures and play music with built-in speakers. It has USB ports and it can hold 2 GB of data. There are two models: one with a 10.2-inch screen and one with a 13.3 inch screen.

So far it sounds sort of like a giant personal media player. Well it also has a remote control like a TV, and it can be mounted to a wall or stood on-end like a digital picture frame. It shows the time, so I guess it’s a wall clock too. And you can connect it to your home WiFi network.

And that’s where the Dream gets a little weird: It doesn’t have a browser. Even though you can technically get online, the Internet connection can only be used with a set of built-in apps for things like Internet radio, social networking and local playback utilities like music and photo streams.

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