That's pretty interesting but since they don't give any real details and don't even have a working prototype it is vaporware for the time being. The One Laptop per Child (OLPC) Foundation
has been trying for years to develop a $100 laptop but their current (shipping) model costs $199. I'm sure if countries or schools buy large quantities the cost per unit goes down.
However the thought of a laptop at a price of $35 is very intriguing!