Novatel is looking to release a new gadget that maysolve one of the biggest headache for mobile computing fanatics: Where to find a WiFi hotspot.

Releasing sometime during the first half of 2009, the MiFi is essentially a 3G modem that will bring in the cellular network signal, convert it, and release it back in to the general vicinity as a WiFi signal.  Imagine being on a train, bus or other form of mass transit, and you will be able to get our your laptop or iPod Touch and get right to work.

While the device has no official price yet, they are saying “under $200″, you will of course need to pay some sort of monthly fee for a data plan.  While these vary wildly in price from carrier to carrier, this could easily become an essential piece of equipment for any one that works outside of their office more then they do in it.  No mare hunting for a coffee shop, now you can work on the go, where and when you want.