Cheapest netbook in the world

Lanyu from Shenzhen, China, has achieved a world’s first with the cheapest netbook across the planet. The eBook LY-EB01 has been price at 666 Yuan (what a devilish bargain at approximately $98 after conversion). Don’t expect an Intel Atom processor inside though, as this ARM-powered netbook comes with a paltry 266MHz AK7802Q216 processor instead, accompanied by a 7″ 800 × 480 TFT LCD display, WinCE 5.0 as the operating system of choice, Wi-Fi connectivity, 128M RAM and a 1800mAH Li-Ion battery. Guess this is good for casual web surfing and email checking only.