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Just over two months after dropping the price of the Everex Cloudbook from $399 to $349, Walmart has given the little computer that barely could another price cut. Now you can pick up at Cloudbook for $299.

At $399, there was really little reason to choose a Cloudbook over an Eee PC 4G or other similarly priced computers. Sure, the Cloudbook has a 30GB hard drive which is more storage space than you’ll find on most low-end ultraportable laptops. But it also has a difficult to use touchpad and the hardware and operating system don’t really seem to be designed to play well together.

But for $299, things start to look a bit different. The only other machine you could pick up for that price would be an Eee PC 2G Surf which has just 2GB of storage and a lower capacity battery (or a Alpha 400/Razorbook 400 which is really in a class all its own).

In addition to a 30GB hard drive, the Cloudbook has a 1.2GHz VIA C7-M CPU, 512MB or RAM, 802.11b/g WiFi, a 4-in-1 card reader, and the gOS operating system, which is based on Ubuntu Linux.

[via Cloudbook UMPC]