When we heard about the Litl Webbook back in November of 2009, the thing sounded good but was too expensive in most books. The device was focused on simplicity for user looking to watch movies and video without having to mess with an OS.

The high price tag for netbook performance doomed the device and as of today, the Litl Webbook has received a significant price cut of $300. The new $399 price tag is where the device should have been to start with considering its capabilities.

Litl describes their Webbook as “an internet computer that works great with your favorite websites”. The Litle Webbook aims to be versatile and can be used as a standard netbook or, flipped around, as a TV device with an optional remote and “TV style” control knob.

Some features include a 12-inch LCD display with an Intel Atom 1.6GHz processor, a GPU that can playback H.264 in 720p, 1GB of RAM, and 2GB of built in flash storage. What sets it apart is that it has no hard drive. All data is stored on the Internet. You’ll also get built-in WiFi, a headphone jack, HDMI, a USB 2.0 port, and a built-in webcam.