Back in the days when we still thought that two months TM was still funny and a possiblilty albeit with some optimisum, Craig was looking for another market for the pandora's motherboard. His idea at the time was to drop the screen, controls, battery and keyboard. This is a major change in form factor, so if there was sufficent interest then it may have been viable. A glut of motherboards has never been a problem so far more's the pity.
The spec originally suggested here is too similar to a full Pandora and would involve new boards. it's a new product, a commodore C14 if you will, with no market.