How about a a computer for $25 -$35 ???  That’s what the Raspberry Pi Foundation hopes will become a reality.

The Raspberry Pi Foundation’ is a UK registered charity (Registration Number 1129409) which exists to promote the study of computer science and related topics, especially at school level, and to put the fun back into learning computing.

It plans to develop, manufacture and distribute an ultra-low-cost computer, for use in teaching computer programming to children. It is anticipated that this computer will have many other applications both in the developed and the developing world.

The first product is about the size of a credit card, and is designed to plug into a TV or be combined with a touch screen for a low cost tablet. The expected price is in the region of $25- $35 for a fully-configured system.

Provisional specification
700MHz ARM11
128MB or 256MB of SDRAM
OpenGL ES 2.0
1080p30 H.264 high-profile decode
Composite and HDMI video output
USB 2.0
SD/MMC/SDIO memory card slot
General-purpose I/O
Optional integrated 2-port USB hub and 10/100 Ethernet controllerOpen software (Ubuntu, Iceweasel, KOffice, Python)

Provisional launch date is November 2011. For more information, check out the blog at http://www.raspberrypi.org/