Is this Intel's Netbook?

We're not exactly sure what to make of this one just yet, but the photo above seems to indicate that Intel may be hopping on the quickly growing sub-$400 laptop bandwagon. Reportedly spotted at an undisclosed OEM facility, the so-called Netbook would weigh less than three pounds, arrive in June and feature a 900MHz Celeron processor, 512MB of RAM, a 40GB hard drive, 9-inch display, built-in WiFi / Ethernet and a convenient carry handle à la Eduwise. We know, you've no idea how you're going to contain your excitement over another budget priced lappie, but feel free to tap the read link for a couple more snapshots.