iPad's competition--from India?

For $35. Will you purchase one?
More so when the iPad sells for, ahem, $499?

the tablet supports web browsing, video conferencing and word processing, say developers.
...The device unveiled on Thursday has no hard disk, using a memory card instead, like a mobile phone, and can run on solar power, according to reports.
... The plan was to drop the price eventually to $20 and ultimately to $10,

Whether or not this prototype eventually gets manufactured is, to some extent, irrelevant compared to the arguments that (a) such gadgets will get cheaper and cheaper, and (b) competition to new products will be insanely intense and this competition will rise up faster and faster than ever before.  I doubt whether companies will be able to make the gazillions out of new products like they used to in the past.  The speed of the treadmill has increased :)

More on this product:

Of the Holy Trinity of technology progress - "better, faster, cheaper" - India has cornered the market on "cheaper." First there was the $2100 car. Then, the $2000 open-heart surgery and the $16 water purifier. Today, the Indian government added the $35 tablet computer to that list. Think of it as an iPad for the rest of us.
(That's 1500 rupees, if you're keeping score in Indian currency.)
The computer uses the Android operating system and will come in three screen sizes: 5, 7 and 9 inches. It will be equipped with 2 GB of RAM, Wi-Fi connectivity, and a energy-saving 2-watt power supply -- useful in India's power-starved rural regions. A solar power option, also useful in those areas, will be available for an additional charge.
The computer will be equipped with many open-source applications, another money-saver. Standard on the tablet will be a Web browser, the OpenOffice office productivity suite, a PDF reader, video conferencing capability, the Scilab numerical computation package, a media player, content viewer, and remote device management capability.

One dissenting note though: India cornering the market on "cheaper?" Hello?  That is China, my friend!