Sure, but it won't have a fruit logo and it won't cost $1K. More likely $200 and some form of Linux. There's a good reason Apple has stayed away from the netbook market.
HI Lars
That is the reason I understood . . so one can only assume that in changing their mind they're bringing something to the table.
Still, your arguments against them are the same ones which were used against the iphone before it's launch, basically:
too late to the party
too expensive
others more experienced.
the wheel already exists.
From a personal point of view, nowadays, my life revolves around a 17"mbp and an iphone, my desktop machine has been used to replace the television set.
Something with a 10"screen, decent touch screen keyboard which would do all my email and music, and which would run photo apps at a pinch would be very attractive for travelling and casual use around the house.
But I'm really not interested in a netbook, even if it's running linux - linking it to my existing system requires time and fiddling which I'm not remotely interested in.
Nowadays there is a really large number of mac and iphone users who would like something in between which works in the same kind of a way - these people represent a big starting market, and aren't likely to be looking at any kind of a netbook as a competitive object.
P.S. the samsung X120 is nice - but likely to be twice the weight of the apple device (although probably faster).