Early this week on May 23, 2006 a working prototype of the $100 Laptop was unveiled at the Seven Countries Task Force Meeting.
The $100 Laptop is a project being developed by One Laptop Per Child (OLPC) a non-profit association attempting to use technology to revolutionize how the world's children are educated. OLPC's goal is to provide the children of the world with new opportunities to explore, experiment and express themselves. These laptops are not designed for commercial sale but rather to be distributed only to schools through government initiatives.
You can see more pictures at flickr.com and get more info about this project here.
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