I have an AlphaSmart, and I used to like it. Now, it collects dust. The keyboard feels tougher than beef jerky. And the display, even on the Neo, shows a max of six lines of text. No browser means no research (which is mandatory for my fiction and other homework) and the fact that doesn't have a USB slot kills all of my desire for the Neo dead.
The Asus Eee PC will be priced at $300 for the bottom end one, $350 for the middle of the road, and the top of the line, and the one I am going to get, is $400. They are solid state with flash HDDs, and have three USB ports, an out for a monitor, and an SD card slot. That coupled with having full-on computer functionality and that it ships with Linux is what makes this tower over the Neo in my eyes. Plus, it has a better screen which is backlit, and it is uber-geek-sheik.
And the final aspect going into my want for product is that it is tough and small, and by the time I'll be able to buy it, I'll have a newborn, who will soon be old enough to inadvertently destroy my MacBook. $400 to replace a UMPC or $1600 to replace my MB (with upgrades). Get my drift? But of course, this could be said of the Neo as well ...