The guys from gizmodo bumped into Michael Dell at All Things D, and he was nice enough to show this laptop that he was carrying that he said no one's seen before.

It's a small form factor notebook, just like the Asus Eee and the HP 2133. He wouldn't tell me what OS it's running, or the pricing, but that it's a low-cost notebook meant for developing countries, and I hope here. Maybe it's Atom-powered. Who knows? But they did see three USB ports, a card reader, VGA out, Ethernet, and that red candy shell. I couldn't tell how big the screen was before it was tucked away into a black sleeve and ushered from the building, but it's small. 

Dell just released a pair of shots that add to the sense of scale, but no official name yet.

Dells Mini Inspiron laptop exposed