The system will be based on the same 1GHz, 1.2 watt system on a chip (SoC) that the Gecko EduBook will be based on (Xcore86 is also owned by Michael Barnes). It's likely to have similar specs, too: 512MB RAM upgradeable to 1GB, with the possibility of Android coming as the installed OS. The EduBook comes with Ubuntu Netbook Remix so we'll see what comes when the final announcement is made. The SoC design means that the system will be fast and energy efficient when compared to other x86 chip/motherboard combos running at the same speed.
Let's look at the model. Keep in mind that it's still obviously doen't have a case (the prototype being sheet metal and having a typo in the name), but the internals aren't likely to change. No, it's not sexy now, but if you look at the Panda, you'll realize that the Surfboard (not to be confused with VIA's reference board by the same name) is probably going to see some design work in the next couple of months. Here's the top view.
Nothing ground-breaking, but it's a full size keyboard and a number pad.(and it kind of reminds me of my first computer, a Tandy Model I -- no offense to Norhtec). Looking at the back will tell us more.
Ports (left to right): USB, 2 SD, mic, audio, s-video, TV(?), VGA, network, DE-RN(?), and 3 USB
You can see from the back that there are four USB ports, with three flush on the right and one of those in the recessed area on the left. I'm going to guess that the recessed USB will be used for an add-on like an additional SD drive or maybe wireless. There are a couple of jacks that confuse me. There's a three-hole "TV" jack in addition to the S-Video. There's also one marked "DE-RN," and Google offers me no help. They both look like XLR3 connections, though.
The Gecko Surfboard looks like it will be a great little affordable computer, and it will probably be targetted toward the thin-client market.
The Panda, below, gives an idea of the level of polish that can be expected from the final Gecko Surfboard.