Take a look at thisThe link can explain more fully than me in it's FAQ section. It is very interesting to me how they are making it inexpensive and it has things like wind up power, wifi, cell phone capabilities and it doesn't look bad either. In fact I could almost go as far as to say that the kids who get these will be stylin' lol.
I was impressed after I took a look at the photos and diagrams. It has what I would consider innovative design elements.
I noticed that AMD and Redhat are sponsors so... I imagine that it will feature an AMD processor and run some kind of slimmed down fedora core or something.