The rumored Intel Netbook has been knighted as 2go PC. According to Engadget, the unit is manufactured by CTL (Computer Technology Link) and aimed towards education market.
The 2go PC is powered by Intel Celeron M processor using 915GMS chipset, 512MB of RAM expandable to 1GB, a 9-inch LCD display sporting 800x480 pixels resolution 40GB hard drive, 802.11 b/g and SD/MMC card readers. It is available with Windows XP on it (with Linux as an options).
It is said to be available within 60 days and priced around $400.