Ehh, I wouldn't go that far.
It's nice and light and portable -- like a Macbook Air -- and inexpensive -- like a Mac Mini. It's got great wireless internet reception.
But the user interface is nowhere near as fancy as the Mac's.
It ships with Linux, buuuuuut:
http://uneasysilence.com/archive/2007/11/12654/
this is also eee related:
http://www.popsci.com/article/2007-12/big-os-small-pc
http://www.popsci.com/article/2007-12/hacking-your-eee-pc
unrelated:
http://www.sparkfun.com/commerce/product_info.php?products_id=8580