From the BBC Technology website:
Nicholas Negroponte, chairman and founder of MIT’s Media Labs, says he is developing a laptop PC that will go on sale for less than $100 (£53).
While this sounds too good to be true, Nicholas goes on to say
The device will probably be exported as a kit of parts to be assembled locally to keep costs down.
So, it’s kinda a do it yourself laptop :) I wonder if the instructions will be any better than the ones that come with kitchen units and stuff ;)