I got hold of photos of the circuits inside Sakshat, the $40 laptop from India. I posted the photographs and a list of the components at http://arpandeb.com Contrary to popular belief, it is running a modified Android 1.6 and not Android 2.1, but you can upgrade it to Android 2.1. I do not know whether it is an early version or not, but it looks like a lab model.
Why so many watermarks? Killed the pics, almost... Nice info anyway.. I wonder when its gonna be available in the market.. I'm hearing about it for last 2 years, I guess..