writes "An initiative by a Community Interest Company Rhombus Tech aims to provide Software (Libre) Developers with a PCMCIA-sized modular computer that could end up in mass-volume products. The reference design mass-volume pricing guide from the SoC manufacturer, for a device with similar capability to the Raspberry Pi, is around $15: 40% less than the $25 Raspberry Pi but for a device with an ARM Cortex A8 CPU 3x times faster than the 700mhz ARM11 used in the Raspberry Pi. GPL Kernel source code is available. A page for community ideas for motherboard designs has also been created. The overall goal is to bring more mass-volume products to market which Software (Libre) Developers have actually been involved in, reversing the trend of endemic GPL violations surrounding ARM-based mass-produced hardware. The Preorder pledge registration is now open (account creation required)."
Of course, the Raspberry Pi is not only only much further along, but has recently announced an expansion module (the Gertboard