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A laptop, with all of it's other software and all those potential synching issues isn't even close to the ease of use, but it can do so much more than a dedicated adjunct like the RedFly. Conceptionally, it makes a lot of sense. I'd jump on one at half the price (or less), but not at $500.
One way to leverage this concept would be to come up with a dedicated module for presentations. It wouldn't need the screen, keyboard, touch panel, or USB slots; just the VGA-out to plug into a projector. If you could get decent speed out of it and price it at around $100, a lot of folks would go for that.
On browsing: I believe that one of the reasons that WM is slow on rendering web-pages is the memory model, not so much the processor. Visiting even just a site or two can fill up a PPC cache and then you're re-loading things that would already be loaded on your PC. Adding more memory is an option, but doing so reduces battery life.
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Sony Ericsson Experia X1a + 16GB micro SDHC
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