I'll write a review, but it looks like similar models, but with peaking. We will see!

Well, I sort of regret not ordering the high resolution one, but we will see. And Vitaliy is right, there should be more high res options available without the big price premium.

Yes the 5 inch version looks like the ikan vl5.

I have ordered the 1024x600 version with peaking - I was looking for Hi-res monitor with peaking and this has very good price. Seller is now on ebay as well :)

@Meierhans This one:
http://www.ebay.com/itm/Brand-New-7-inch-HDMI-LCD-Camera-Field-Monitor-5D-II-7D-/160694565875?pt=LH_DefaultDomain_0&hash=item256a247bf3#ht_1155wt_1110

I have no clue... I guess it does... judging from the pictures

The monitor arrived today, good build, good picture. I had to dig around to enable the special functions, you have to hit the "F" button to assign it to peaking, or 4:3 or underscan, when that option is highlighted. The monitor remembers your choice at boot up. By default, the F button is set to alternate 16:9 and 4:3, so for peaking or the other options you need to reassign it.
I'll have more later, but here is my quick assessment:
Build: good, reasonably solid, says Ikan on the back and "Amuse" on the screen saver.
Weight: the monitor is very light. Add the battery, adapters, etc and you add some real weight.
Screen IQ clear, bright, neutral. I would go for the hi-res version if I had to do it again, but it is perfectly usable.

Peaking: this works, but the screen is so good you really don't need it. Toggles through normal, peaking, B&W peaking. I would prefer false color to peaking but it works fine. Verdict on peaking: It works, but I would rather have zoom than peaking. If you just want the peaking function for focus, spend a few dollars more and get maybe a higher res monitor, a larger monitor, or one with zoom.

With the GH2: syncs instantly using my magic Canon HDMI cable, with repeated on/off combos it syncs right back. So far :)
Fills the screen: unlike the ridiculous videos on YouTube that set a new level of idiocy reviewing a monitor with the wrong camera attached (DOH!) the GH2 uses all the real estate. Borders look fine in limited testing.

ETC mode obviously does not work, as well as focus enlargement which is like etc mode. So here you may prefer the Ruige where you can zoom. But 7 inches is pretty big, so I don't really miss it. If you have a 5" monitor I think you would want the zoom more than the peaking.

Exposure: with the GH2 set to show overexposed areas, these areas are echoed into the monitor, making it very easy to pinpoint small overexposed areas in the picture--nice!

Audio, Speakers and Headphones: there is an unadvertised hp jack, in limited testing with the GH2 I did not get any sound through HDMI but audio comes through the analog input with the supplied cable. You can't run the HDMI and analog together to get audio with the HDMI. Reviews I had seen on the internet stated that the monitor had no speakers. However, when you turn it on you hear a very quiet poof like turning on a stereo. So I unplugged the HP jack, and, sure enough, there are two speakers in the back. Quiet, but there. I mean, you can use the HP jack on the cam.

Noise: I'm super picky about noise. One thing I preferred about the GH1 was it was quieter than the GH2. My copy of this monitor is dead quiet (no LCD squeal or inverter buzz) with the supplied power adapter. Haven't tested it with the battery. This is important if it is sitting right on top of your built in mics.

Other cams: works great on my Canon g10 and its cheaper relatives. Big upgrade for a standard camcorder. Focus zoom on the Canon works on the LCD but not on the monitor, which is a cool feature from Canon (GH2 locks both). Rant: if Canon and Panasonic were smart, they would make a monitor with full featured touch screen for their cams instead of diddling us on the batteries and power supplies. End rant.

Other devices: tested OK on my WDTV and was able to get audio through the analog input (not HDMI).

Caution: I could see how with this or any monitor you could lever the hotshoe right off your camera if you bumped it.

Verdict: 7" is a good size and this is totally fine for framing, monitoring, focus and playback. Excellent value for the money. Syncs like a charm, which, as we know, is a real plus. Prompt response from "Tina" to questions.

The branded Ikan's are coming down in price as well at BHPhoto. I have to say the feature that intrigues me is the false color. I wish there was a Marshall clone for that.
But 7" is a huge difference from the camera screen.

Bummer. Perhaps you can call customs directly?

I have always found Customs to be very helpful. If, for example, a piece of paperwork or item descriptor is missing.

Doesn't sync? Can't activate peaking?

I think unless the monitor specifically mention that it is Canon compatible, it doesn't have the extra circuit to resize the video from the Canon. But you then should get just a smaller picture at least. The ones I saw on their site that were Canon friendly had blue bars, and so on (and cost more, of course). On my monitor (which is not the high res one) the peaking cycles through normal, BW, and color after the Fn button is assigned to peaking.
Sorry it doesn't work for the Canon. Mine works one my Canon camcorders, but of course they have a different output than the 550D.