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TechCrunch founder Michael Arrington has been working on a tablet PC called the CrunchPad for the last few months. The idea was originally to create a touchscreen device that’s basically a portable web browser that offers a better web experience than you get from smartphones like the iPhone. With so many applications like email, news readers, and even image editors now available online, the idea was that there wasn’t much need for large hard drives or other old-school PC components.

Whether you think it makes any sense to release a product that will sell for the same price as a netbook but which will have a larger display and no keyboard, it looks like it’ll be available pretty soon. The San Francisco Business Times reports that Arrington has incorporated a new 14-person company called CrunchPad Inc to work on the product, which will be produced in China.

According to the article, Arrington is spending about three quarters of his time these days working on the CrunchPad. He also happens to have a 21 person team of full time employees working on his network of technology blogs.