Linutop is a Linux based diskless computer whose main purpose, according to the makers is to surf the internet. It got featured on Reg Hardware.
OK. So what's the big deal? Well... I had something similar (and bigger actually) in mind when I wrote this post back in August. I had just replaced a monitor with a TV as the display device and mentioned the whole thing in the context of Ultra Mobile PCs.
I feel like an idiot... and am jealous!! Wish I had a Venture Capitalist as a friend.