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While the One Laptop Per Child program tries to hawk underpowered US$200 computers in lots of 10,000 to third world countries, Walmart has put quite powerful Ubuntu Linux PCs on its shelves retailing for $199. What's more, the PCs from Taiwanese vendor Everex, come pre-installed with a range of popular online applications, including Google's office suite and Skype, among others
Ubuntu $199 PC Is Here [itwire.com]
The first one has a monitor though, while the second one doesn't.
Also, let's not forget:
Intel Classmate laptop - Current Retail Price: $200
Asus Eee PC - Current Retail Price: $199
Apparently there's something called the Longmeng [en.wikipedia.org] ($131) being designed in China too.