Rs 500 laptop by Indian Government

Hello my dear gadget freeks of india. There is some hot news for you guys here. As of now you might have seen exceptional laptops with some awesome features and jazzy looks but even the price looks jazzy ha??????
Now in India, can any one guess it , you will be getting a laptop for just 500 bucks man this is cool but we need to wait n see what's all the features encorporated with that laptop.

According to my information, The Indian Government is all set to display the Rs 500 laptop on 3 February 2009 in Tirupati, at the launch of the National Mission on Education through Information and Communication Technology.
This was developed by students of Vellore Insiture of Technology,scientists at Indian Institute of Science, Bengaluru, IIT Madras and Semiconductor Complex, a public sector undertaking.

Well when you look at the memory it is lesser than a memory which is alloted with mobiles now, it is only 2GB and has wifi, fixed ehternet, expandable memory but to what extent they haven't mentioned. and The most interesting thing about this laptop is " consumes only 2 watts for power".

Way back in 2005 at the world summit on the Information Society held in Tunis, Massachussets Institute of Technology’s (MIT) Nicholas Negroponte, unveiled a $100 laptop computer but this was desinged for Students in the developing world. But india strikes back with the new laptop which can turn around the market of laptops.
Many companies were struggling to break the sub-$100 notebook but India is ready to showcase a notebook that costs only 10$. sounds good to us but threatening for the laptop makers like sony,dell etc.