We already reported about the FreeScale Motherboard-On-A-Chip Platform that will be the basis of a series of low-cost and tiny PCs. Now the Chinese hardware manufacturer of the LimePC released details about the LimePC M1 iPod nano-sized Linux UMPC.

Tsinghua Tongfang (THTF) calls the M1 the world's smallest handheld PC. Measurements of the LimePC M1 are 110 x 58 x 15.9mm and the weight is 130g.
Features of the M1 include touchscreen, up to 16GB of NAND flash memory, 802.11g WiFi, v2.1 EDR Bluetooth wireless, and 4-plus hours of Lithium Polymer battery power.
Anticipated pricing when launched later in 2008 is only $299, making the M1 not only the smallest PC ever manufactured, but one of the most affordable as well.

I am pretty excited about the LimePC. To get a full PC with screen as small as a deck of card is just plain cool. I hope this is not going 'vaporware' on me.
Via the LimePC site.