The world's cheapest netbook now resides in China.
For consumers who want to go cheaper than cheap, Lanyu from Shenzhen, China has created what's labeled as the world's cheapest netbook on the planet: the eBook LY-EB01. So how cheap is this mechanical beast? Try a whopping 666 Yuan ($98), far less than an iPod Touch, Xbox 360, or a nice, full-featured watch. With that said, we have to question what exactly is running this thing under the hood.
According to Ubergizmo, not much at all. However, given the price, low-end components should be expected. The netbook comes packed with a 266 MHz AK7802Q216 ARM processor, 128 MB of RAM, a 7-inch 800 x 480 TFT LCD display, Wi-Fi connectivity, a 1800mAH Li-Ion battery, and Microsoft's WinCE 5.0 pre-installed. We're betting this think even has a 56K modem.
Currently the "netbook" is available in China, however it's unknown whether the device will be available for purchase internationally. If anything, the netbook may be useful to check email or play a few rounds of solitaire. Heck, maybe it will actually play Doom or some other old-school shooter.