TechCrunch's Michael Arrington has pulled together a squad to make this whole simple, cheap, internet tablet thing he started talking about in July, 2008 happen for real. Their goal is to make a tablet that browses and plays flash videos really well (pretty simple stuff) that costs around $200. Built by a team led by Louis Monier -- former CTO of Alta Vista -- "Prototype B" is a 12-inch touchscreener with a 4:3 aspect ratio. Internally, the "CrunchPad" has a Via Nano CPU, 1 GB of RAM, 4 GB of flash memory, a 4-cell battery, and WiFi, plus a camera. In terms of software, the prototype runs a full install of Ubuntu with a custom browser. They estimate the total cost of the device at just over $200 to produce, and that a commercial model would realistically cost about $300. They don't seem to be heading toward production anytime soon, so don't cross your fingers, but you'll undoubtedly want to see if it's any good for yourself in the breathtaking video after the break.

[Via jkkmobile]