While OLPC, Intel, Asus, Acer, Dell, and everyone else in the cheap ultraportable space continue to try to produce a $100, it looks like China’s HiVision has managed to pull it off. The HiVision NB0700 is acomputer with a 7 inch, 800 x 480 pixel display, WiFi support, and a price tag as low as $98.

Don’t expect the NB0700 to win any design or speed awards. The PC has a sluggish 400MHz MIPS CPU, 1GB of solid state memory and 64MB or 128MB of RAM. It’s designed to run a custom version of Linux or Windows CE and has an SDHC card reader and 3 USB ports. It should be available next month.

It runs some basic office and internet applications including AbiWord and Firefox.

You can check out a video after the break.