The Foleo was, alas, a non-starter. The subcompact form factor, however, has a champion now in the form of the Asus Eee PC, and Redfly thinks that maybe the time is right for someone to take a shot at the sub-sub-compact. This thing is small enough to fit in your purse, guys, and although it’d be cool if it was running some kind of compact Linux distro, it’s got a custom OS that (they say) makes communicating with your smartphone a snap.

Personally, I’d rather wait until mobiles usurp the capabilities of the laptop, not the other way around. But for people who are really hardcore about their smartphone use, this thing, at $500, may actually be a good idea.

Redfly resurrects the Foleo [Pocket Lint, via Gizmodo]