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Want to get your hands on a touchscreen tablet with a full keyboard for under $500? M&A Technology is now taking orders for a convertible netbook/tablet with an 8.9 inch touchscreen display based on Intel’s Classmate 3 reference design.

The M&A Companion Touch is available for $499.99 and comes with a 1.6GHz Intel Atom N270 CPU, Windows XP, and a 4 cell battery. It also has 1G of RAM, a 60GB hard drive, 802.11b/g/n, 2 USB 2.0 ports, an SD card slot, a VGA port.

CTL is also selling a Classmate-3 based netbook for $549. The only major difference is that the CTL 2Go Convertible Classmate PC comes with a higher capacity 6 cell battery. It’s also possible that the two companies have put their own software on the netbooks. I know CTL was proud of the handwriting recognition software included on the 2Go. If you can hold out a few weeks, it’s also likely that you’ll be able to find the CTL 2Go PC with the 6 cell batteyr for the same price as the M&A Companion Touch with the 4 cell battery. But today, the two machines are about $50 apart.

Update: The 6 cell 2Go PC from CTL is now available for $499.

via Engadget