Facebook’s internal valuation was revealed this week thanks to shoddy PDF redaction. Court documents from a settlement between Facebook and ConnectU showed that Facebook values itself at $3.7 billion, much less than the $15 billion that was speculated during the Microsoft investment. The AP uncovered this by cutting and pasting from the redacted court document. It’s the same thing we showed in our PDF redaction screencast last summer… and it will never cease to be funny.

[photo: Bryan Veloso]

Gadget blogs have been a fluster the last day about TechCrunch stating that netbooks “just aren’t good enough“. Writing a response post hasn’t proven very hard given the number of factual errors in the original. Boing Boing Gadgets points out that the low-end of the spectrum that TC post seems to cover are almost impossible to purchase because they’re so outdated. Liliputing rightly states that comparing the browsing experience to the iPhone isn’t worthwhile since it’s entirely a software problem. Laptop goes so far as to recommend the HP Mini 1000 and Samsung NC10 specifically for their keyboard. TechCrunch isn’t alone in their opinion; this week Intel stated that using the ultra portable devices was “fine for an hour“. TechCrunch is designing a web tablet right now using the collective wisdom of blog commenters. Looks like they’re just reboxing a netbook for the prototype.

We cover the netbook market for different reasons than most: Their low low price makes people much more willing to hack on the device. For the price of a smartphone, you’re getting a fully capable laptop. The low performance doesn’t matter as much since we’re running different flavors of Linux that are much lighter than Windows. People running OSX86 are doing it to address a market that Apple doesn’t.

What’s your experience with netbooks? Do you have one that you adore or are you annoyed by their shortcomings? Models we’ve covered in the past include the Acer Aspire One, Asus Eee PC, Dell Mini 9, and MSI Wind.

[Photo: Onken Bio-pot]

• thin as possible
• touch screen (except for power button)
• WiFi
• video camera and low-end speakers
• 4 Gigabyte hard drive
• 1/2 Gigabyte of RAM
• Linux and Firefox (in kiosk mode)
• no desktop interface

We are not completely sure that this device does not exist in some form. Tablets have been around for a while and many cover most of these features. Consider the Nokia N800 or the Pepper Pad.

We also think the TechCrunch readers, who generally concern themselves with what they can buy rather than what they can make, are not really the best crowd for this job. Considering our reader’s abilities to do things on the cheap, we thought we would pose the question ourselves with our own spin. What old and cheap hardware could you re-purpose to create this product?