Interesting... but lets do a comparison.
The PicoFlash cost $98 for quantity 1 ea. And has these specs:
XDOS OS 40Mhz 186 processor 512Kb Flash RAM, 512Kb DRAM 1 ethernet (apparently 10baseT) 3 RS-232 serial ports 16 digital io pins
How about a $70 device that has
Linux 2.4.20 200 Mhz MIPS32 processor 16/32Mb (Mega bytes, not Kbytes) Flash RAM 1 EJTAG port (debugging) 1 ethernet bridge 1 ethernet 6 port switch (one hardware ethernet interface on the motherboard is multiplexed with 10/100baseT to any of the 5 hardware RJ-45 connections)
2 serial ports (minimally equipped, with no flow control lines, and with only TTL level rx/tx leads, so a $20 TTL to RS-232 converter is required to make use of them). 1 Broadcom wireless chipset, 802.11b/gOf course the problem is that it lacks the digital io interface, making it unsuitable for actually competing with the PicoFlash and other similar devices. It does however suggest that the PicoFlash is *way* over priced and grossly underpowered.
Of course the above $70 device is a WRT54G(S) /router/ from Linksys (Cisco). The entire software toolset set (170Mb) is available on their web page, and a number of people have been doing all sorts of interesting things with it.
The point is that a "singleboard" computer *should* be available that has similar specifications for about the same price tag. If the Ethernet switch and bridge were exchanged for a fairly significant amount of DA-AD io it would be a seriously capable device.