Medary.com

MIT contemplates the cheap, wireless future:

AMD, among others, has been working on very cheap, low footprint platforms for mass market wireless devices, but the latest concept that could shift the communications goal posts comes from Nicholas Negroponte, chairman of the Massachusetts Institute of Technology’s Media Lab, who has outlined the blueprint for the so-called Hundred Dollar Laptop (HDL), a first step towards even lower cost devices in future.

The HDL that Negroponte posits would bypass three expensive components of conventional laptops - Microsoft Windows, a traditional flat panel screen, and a hard drive. Instead it will be loaded with Linux and other open source software; its display will use either a rear projection screen or a type of electronic ink invented at the MIT Media Lab; and it will store one gigabyte of files in flash memory.

Now, put all of that computing power on a reasonably sized watch, and you've got something.