Its not how much its worth but how much you THINK its worth.
People will buy $1500 pairs of Shoes...?
The concept of shoes costing more than $150 (and not being made of pure dyeema-spectra + amarid-fiber)
is ridiculous to me.
Is the laptop worth $399, is it worth $499? $299? $1.99?
True its specs are...unimpressive, I think it will sell like hotcakes. (after a price drop around december, pre-X-mas marketing)
Simply for its novelty and 'cute'-ness factor. (and being fairly cheap)