Intel is apparently prepping a PC platform for less than $100 under the project name Shelton'08.
The Shelton'08 platform is supposed to first be used for sub $300 notebooks and later in 2008 to build $100 PCs. The new low-cost Intel platform would use 45nm Diamondville processors, with either Intel's 945GC or SiS 671 chipsets. Asus and Shuttle have apparently already been informed about the Shelton'08 and could release products next year.
More details on Digitimes.
Low-cost hardware is the hottest trend right now. The $200 Linux PC Wal-mart offered earlier this month is already sold out. The Asus Eee is a hot seller as well.