Raspberry Pi Foundation: "Our first product is about the size of a USB key, and is designed to plug into a TV or be combined with a touch screen for a low cost tablet. The expected price is $25 for a fully-configured system.
How would you use an ultra-low-cost computer? Do you have open-source educational software we can use? Contact us at firstname.lastname@example.org.
128MB of SDRAM
OpenGL ES 2.0
1080p30 H.264 high-profile decode
Composite and HDMI video output
SD/MMC/SDIO memory card slot
Open software (Ubuntu, Iceweasel, KOffice, Python)
Raspberry Pi device running Ubuntu 9.04"