The price is astronomical. I can turn my EeePC into a homemade chromebook with $0 and I paid much less for that years ago. I would assume that you could strip the chromebook down to $150-200 precisely because the hardware specs required for a glorified browser ought to be considerably lower than for running a full-fledged OS. Perhaps I'll have to wait for some Tegra chromebook to get the price/perf figure to a more sensitive level: even the latest smartphones should be able to match the requirements for a chromebook.