Wal-Mart unveils $498 laptop!: "Wal-Mart, the world largest supermarket chain, is offering a laptop for only $498 (about Rs 21,000) during the festive season in the United States!
Walmart.com and Linspire Inc. have come together with this stunning offer. The laptop, called Balance, is loaded with the Linspire operating system and the OpenOffice.org office suite."
Via Google News. I also ran across an ad in this morning's Boston Globe for a Compaq desktop -- AMD, 256 meg RAM, Windows XP Home, modem, network card, etc. (but no monitor) for less than $200 after rebate.