<p>The guys over at Shanzai have reviewed what must be one of the cheapest smartbooks on the market. The Lanyu LY-EB01 can be bought for just 666 RMB (US$98) in China, although this is directly from Lanyu rather than direct retail channels.</p><p>As you can expect for the price, the specs are nothing to get too excited about. It comes with a 7-inch (800 x 600) display, powered by an unspecified ARM processor and Windows XE operating system. It does manage to pack three USB ports, a couple of audio jacks and a card reader too.</p><p>Shanzai found that whilst the Windows CE OS marred the overall experience, it is a well-built smartbook (for the price), although it does have a non-removable battery. Boot times were pretty good, taking 28 seconds to start and just 3 seconds to shut down. Check out some video impressions of the device after the jump.</p><p><a href="http://www.netbookchoice.com/2009/08/25/lanyu-ly-eb01-7-inch-98-smartbook-tested-video/">Keep reading...</a></p>