A New Low for Laptop Pricing: $37

There are cheap computers and then there are cheap computers, but $37 might just take the proverbial cake. A persistent eBay listing has just that on offer, with the bargain basement price in question netting you a 7-inch netbook with Wi-Fi running Windows CE.
Don’t plan on editing your next HD blockbuster film or running Crysis on these babies’ underpowered components, but for less than four Alexander Hamiltons you get an actually functional machine running on a 300 MHz ARM processor with 128MB RAM and 2GB storage. You also get a 7-inch screen displaying at 800 x 480 resolution, an ethernet port, two USB ports, an SD slot, Wi-Fi and a 9-volt AC adapter.

The catch is that these laptops and internals are either factory seconds or items that failed quality control tests. Obviously you wouldn’t want one of these devices for anything mission critical, but for the adventurous and/or hobbyist crowd a working $37 laptop could make a fun auxiliary PC. It’s also a promising signpost on the way to the super cheap commoditization of personal computers.
Would you consider experimenting with a $37 laptop, and if so what would you use it for?