Oh I can see so many things wrong with this there's too many to list but Ill name a couple.
Instead of putting mainstream laptop parts in it I reckon they will be cut down versions; that's not important in a netbook but if it's marketed as a "laptop" I can't see it taking off.
Things can and will get spilled/stuck underneath the hinge. One good knock to that keyboard and it will probably break :(
I'm not saying it wouldn't take off but I can't see it happening with the current implementation.