Lenovo Skylight the first ARM based Netbook, At Rs. $499 it seems high price, and very slim

Lenovo has announced the first ARM-based smartbook device. The compact 10" ARM based device is to be available spring of this year.

The device runs a customized Linux version which seems to be internet centric, and comes with many different social widgets for internet applications preinstalled. The device will work with AT&T's data plans and WiFi service to provide internet connectivity.
The device is highly geared towards portability, being under 2 pounds (under 900 gms) in weight and very slim clamshell design. Much like a smartphone, the device can kept on charging overnight and then used continuously throughout the day, with a battery backup time of 10hrs.
The device features a 10" HD screen, a 1Ghz Qualcomm Snapdragon processor and a 20GB SSD storage and 2GB of cloud storage.

The device come with high price considering its specifications of $499. While the pricing and specification of the Chrome OS netbook are still rumour and speculation as of now, this device seems rather underpowered and overpriced in comparison.