From credit card debt and school loans to rising gas prices and adjustable mortgages, there are plenty of reasons why consumers in the developed world can't afford a laptop. Not to mention the fact that underfunded schools and underprivileged kids also exist in the developed parts of the world.

Enter the Medison Celebrity laptop. It's a $150 laptop from Swedish company Medison that's available through the Columbus, Ohio-based online reseller 2Checkout.com.

With Nicholas Negroponte's OLPC hovering around $175, and Intel's Classmate PC expected to cost more than $200, the Medison Celebrity laptop can lay claim to being the cheapest laptop in the world. And it boasts an impressive feature set for the money. For starters, it features a large, wide-screen 14-inch WXGA display and weighs a reasonable 4.8 pounds. Powering the Medison Celebrity is a 1.5GHz Intel Celeron M 370 processor and 256MB of memory.

Laptop, Notebook, Medison Celebrity, OLPC, Nicholas Negroponte

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