If you have been holding out for those cheap subsidized netbooks, today is your lucky day. at&t has finally announced that it will introduce $49.99 netbooks in Atlanta and Philadelphia markets. You are going to get an Acer Aspire One for $49.99 as long as you sign up for AT&T’s wireless service for 2 years, which is going to cost you a cool $60 each and every month. You do get about $400 discount on the netbook, but you end up paying $60 for a wireless plan that is at best mediocre to small businesses.

If you want to use 3G on your netbook, you are going to have to sign up for $99 a month plans. The $60 plan comes with a 200 MB data limit which is not exactly what I would call great for someone who’s constantly on the Internet. And to be frank, I am not sure a whole lot of people afford the $99 or $60 wireless plan these das. Overall, if you are a business owner and need a netbook that comes with a wireless package, you are going to get some value out of this whole deal. But if you are a college student hoping to save money on a laptop by buying one of these ultra portable notebooks, you may want to stick with unlocked netbooks. You are far better off paying $400 and having options than $50 and a two year hefty contract in your hands.

Your take: is at&t’s deal a fair one?