Here comes another one of those oh so popular ultraportable notebooks, this time it is made by CTL (maker of the Classmate 2) and is called the IL1 and is so far the cheapest ultraportable I’ve seen, priced at $350.

Via C7-M 1GHz processor
1GB RAM
7″ LED-backlit LCD (800×480)
Integrated graphics
VGA output for second monitor
4GB solid state drive
2x USB ports
802.11b/g Wifi
1x RJ-45 10/100 Ethernet
56K Modem
SD/MMC Memory Card Reader
Windows XP or Linux
Integrated 640×480 webcam

Dimensions & Power
9.6″ x 6.8″ x 1.7″
2.6lbs
4-cell Li-Ion Battery
About 4.5 hours battery life

CTL [viaGizmodo]