Essentially, when it's in my hand it's in Phone Mode, when it's in the dock it's in Desktop PC mode.
We are getting there with tablets. You can do this with the Surface for example thanks to Display Link technology. I just want the device to be phone sized, around 5.5" or so with a good battery life when operating as a phone, a decent processor, a decent amount of Ram (8GB at least), and about 500GB of SSD storage.
With a Surface or equivalent tablet, you still need to carry around a bag with you to carry it in which is a pain. If that could be small enough to fit in your pocket that would be ideal!