Let the hive mind of Engadget get that for you.
"I own an iPhone 3G and I'm looking for a decent speaker / alarm clock for it. I am going to listen music in a mid-sized room, so I want nice quality speakers with solid bass. I also want to use it as an alarm clock, so it would be great if there is such a feature. The price can be low-mid to mid-high range. I was looking at the Klipsch iGroove SXT; it's powerful, slick and the reviews are good, but it doesn't have an alarm clock feature. It's no deal breaker if I can set it up from the iPhone, but I'm not sure. Thanks!"
Actually that is exactly the idea. One of the biggest problems the project is facing is the fact that the people who are receiving this will be ready to sell it to richer people, for money, just like it often happened with Tsunami aid. So the project hopes to make it sort of a 'social stigma' to own one, at least if you are an adult. If you understand 3rd world societies, this actually is one idea that might work.
About the hand crank, that might not be in the final version. At least for the first generation of notebooks.
The specs have been finalized actually, for the first gen.
Oh, and also there are no plans what so ever right now to make a commercial model.