Why not? When we recently opened our Hackerspace a friendly e-waste dealer gave us 10 SFF Pentium 4 1.8Ghz Compaqs. He said they're not worth the effort of selling any more, and to let him know if we need more. He had palette-loads.
Last week my coworker bought an ex-government ultra-small-form-factor Dell PentiumD 3Ghz for $30 in an auction, they were selling dozens that way in single quantities for between $20-$40. 3Ghz PC with 1Gb of RAM!
A friend showed me the disposal tunnel at the local unversity, they have palettes stacked 1m high with old Pentium4-era computers and old CRT monitors waiting to be picked up for recycling. The university pays for them to be taken away.
I'm in Australia, but I expect if you look around most developed countries you'll find this is the situation - old computers all over the place scrapped, resold or shipped off-shore. The developing world is where a lot of those computers end up, so in those countries a $25 USB-stick-computer with no excess shipping cost may still be a better option than paying for shipping a crate of old machines. However, I guarantee you there is no shortage of old hardware out there.