Linux computer the size of a thumb drive
arstechnica.com
arstechnica.com
This at least looks well made.
How can you boot an ARM-compiled Linux in a conventional computer?
Okay okay, nearly the size of a thumb drive, but a hell lot cheaper.
The Raspberry Pi is using a BCM2835, a 700MHz single-core ARM11.
The Cotton Candy is using an undisclosed quad-core Cortex A9 at 1.2GHz. The best information I can find points to it being probably an Exynos 4412 with a Mali 400-MP GPU.
The Raspberry is a hell of a lot cheaper because it's a hell of a lot less powerful.
If you want $50 then you are looking at a Raspberry Pi grade CPU. Those are ok for getting data in and out of a H.264 decoder, but you would not mistake them for modern workstation performance. (But good news, they might announce shipping in 15 hours.)
Yes, controlling via wi-fi is a nice potential feature, but they would really need to have the appropriate third party software interfaces (Android, iOS, and browser) ready by the ship date. And even then, it is unfortunately not a $165 feature.
Your statement that it's only $15 worth of hardware makes me question the validity of everything you say.