Tuesday saw the unveiling of the latest design of XO-3 concept tablet by the nonprofit 'One Laptop Per Child' (OLPC) and The Fuse Project. The currently-being-designed tablet will be based on as ARM processor and will feature an all plastic, semi-flexible touchscreen that will enable users to surf the Internet and watch videos.

With OLPC saying that the XO-3 - designed for children in the developing nations - will be priced "well below $100," Fuse Project founder, Yves Behar, touting the device, said: "I wanted to bring the OLPC identity to life in this new form. That meant taking the visual complexity away, bringing tactility and friendliness, touch and color."

Going by a Fuse project Website post, the durable screen of the XO-3 can turn the device into an e-book reader. Furthermore, the inclusion of multitouch support would allow "many hands" to play and learn together on a single screen.

Despite OLPC's much-hyped "totally different approach" for designing the XO-3, which will hit the markets in 2012; skeptics are criticizing the non-profit for supposedly designing a "dreamy" device comprising unrealistic hardware, at a price point that it may not fail to actually achieve.

While blogger Wayan Vota has criticized OLPC for losing its focus on education; another blogger on Insight TS called the XO-3 hardware "vaporware," and said building the device was a lofty design-plan that looked great in pictures!