Asus has announced it intends to begin shipping the ultra low-cost EEE PC in September. According to Asus, the E's in the title stand for "Easy to learn", "Excellent Internet", and "Excellent mobile computing experience." Asus reportedly plans to ship up to 500,000 of these systems in 2007, and up to 3-5 million in 2008.
They will have 7 inch screens and solid-state memory (no hard drive.) The price point will vary with the amount of storage (from 4-16 G) starting at $199.
Will this give the Foleo a run for it's money?

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