Well, it looks like Google is looking to sell a cheap PC through Wal-Mart and some other retail companies.  According to this article, it will not have Microsoft Windows on it.  It will have an operating system created by Google.  I hope it doesn’t take Google very long to get this thing out, because it would be awesome to have yet another alternative out there.
FYI:  I’ve put my iPod Nano up for sale on Ebay here.