While the OLPC (the “$100 laptop”) has had plenty of media attention, perhaps Literacy Bridge (the “$5 MP3 player”) is equally deserving:
We are building the Talking Book Device, a low cost audio player and recorder, for children and adults in the developing world. Children and adults will use the device for literacy learning and knowledge sharing.
There is a Google Tech Talk about their progress so far (Ironically only available in video - not audio - form).
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