Macworld is right around the corner and so the insufferable rumor mill is powering back up. Apple might launch some sort of tablet/netbook in a few weeks and according to a Computer World blog wrote by 9to5Mac editor, chances are it will be powered by ARM system.
Apple has an internal PA Semi team working on future ARM chips for the iPhone/iPod Touch
ARM chips cost an order of magnatude less (to license) than Intel equivalents
ARM chips take up less space on a motherboard
Personally, I’m not convinced Apple will launch a low priced Netbook. That’s just me.