Ebuyer has dropped the price of the eMachine ER1402 to under £150 with free delivery and Webroot Internet Security Essentials, a security package that's worth £40 apparently, but which you won't be able to use, at least not on this version.
The ER1402 was previously retailing for £200 and it is hard to see how Ebuyer (or Acer) are getting any decent margins on such a keenly priced product.
The ER1402 is not a half-baked product though; it has an AMD Athlon II Neo single core processor, the K125, that's clocked at 1.7GHz, one which should prove capable enough to rival the Intel Atom.
Weirdly enough, Acer chose to pair it with an Nvidia nForce 9200 chipset rather than an AMD chipset which may have lowered the cost of production slightly.
There's also 2GB RAM (expandable to 4GB), a 250GB SATA hard disk drive, USB keyboard and mouse, Wi-Fi, four USB ports, audio SPDIF, HDMI, VGA, Ethernet port and, not surprisingly, it is powered by Linux (which means that you won't be able to use the Webroot software).
The ER1402 looks a lot like the Acer Aspire Revo, which shouldn't come as a surprise since eMachine is owned by Acer; they share the same shape & form factor. However, we're pleasantly surprised by the fact that the ER1402 is so competitively priced.