You've probably never heard of Hivision but, if this article from SlashGear is correct, you could be seeing a lot of their products in the near future. They're putting the finishing touches on a new Android netbook that could sell for as little as $149. That would put this 7" netbook well within the price range of even the poorest college student.
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These books use old ARM9 500 MHz processors. This sounds very reedy, but people who have used the machines firsthand report rather zippy performance. These machines are loaded with a minimalist OS and probably barely any non browsing/word processing related software. A bare-bones machine with a 500 MHz processor could scrape out at least decent speed. The machine in the video looks pretty fast, at any rate.
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The netbooks displayed had almost instant boot-up from sleep. We're told that these netbooks will have a 4 hour battery life as well. Not bad, Hivision.