Gizmodo spotted Micheal Dell at the All Thing D show with a unreleased small noteook the size of an Asus Eee.

Michael Dell did not reveal any technical or pricing details. He just said that it is a low-cost notebook for developing countries.
The design of this mini Dell notebook looks pretty decent. Maybe it is Intel Atom based, depending on when Dell is actually releasing this new notebook.
Dell could be successfully battling Asus, MSI and HP in the new low-cost mini notebook segment with their brand power.
More photos of the Dell mini can be seen on Gizmodo and on Dell blog.