Altec Lansing has revealed its new inMotion iM7 portable audio speaker system for the iPod and iPod mini. The inMotion iM7, which features a “bazooka style” design like some recent boomboxes, offers a built-in, adjustable iPod cradle, Neodymium drivers and tweeters, and a built-in subwoofer with XdB technology. The AC or battery powered device also includes a wireless remote control, S-video output for the iPod photo (allows you to play your photo slideshows on TVs while still connected to the speaker system), and an auxiliary input jack (for use with other audio devices). It will retail for $249.95. There’s no word yet on availability.

More details at Ipodlounge