How cheap netbooks can get? Apparently, it is possible to manufacture a netbook that costs less than $100. Augen also has a $150 tablet for those who don’t want to spend a bit more on an iPad. You do get what you pay for here. Augen Genbook does not have any features you would want to write home about. It has a 400MHz CPU, a 7 inch, 800 x 480 pixel display, and 128MB of memory.

GenBook runs Android 1.6. So not only it does not have a powerful processor or a whole lot of RAM, it does not even have the latest Android software. Engadget’s description of this netbook’s performance leaves no doubt whether it is worth the money:

It will probably come as no surprise that the GenBook, which is powered by a 400MHz CPU and 128MB of RAM, is slow. No, like really slow. It takes about a minute and a half to boot up and toggling through menus is downright laggy. We didn’t have to wait all that long for webpages to load over WiFi, but the machine starts quitting programs when it’s asked to do too much at the same time.

$99 is not going to buy a whole lot of things these days. Who really expected GenBook to be really special at that price?