Tablets for the masses: the Indian $35 Tablet

IT engineers from Bangalore's IISc and four IITs have come up with a laptop at the cost of mere 35 dollars. The engineer says in the news video that by the time the device is released the product will be available for the mass market for under $20.

The display or tablet has a touch-screen, 2gig RAM, wifi connectivity and USB ports. Phew, when this nifty device arrives, I guess we can expect prices of most other tablets dropping ? Perhaps even the iPad ?