This is a really cool idea and could work – think of an A4 sized calculator. I imagine it would be more in the order of $100-200 dollars to start with.

Net Traveller – Tom Worthington: The $50 PC Project

A workable design for the $50 PC might be the size of an A4 portrait page: 297 mm high by 210 mm wide. From the side it would be a wedge: 10mm high at the front, rising to 64 mm at the back. The wedge shape would provide about the same angle as a PC keyboard for comfortable typing and allow enough room under the back for the batteries.

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