And who writes those VM's...
...plus just about every product being made today that plugs into a power socket or has batteries has some king of computer in it.
Programming those little bits of kit in you washing machine, fridge, vacuum cleaner, radio, hubs/routers, etc... are all jobs that could be done in the UK, none of those will be done using VMs until you get into the larger boxes (like that bloody expensive and slow BlueRay Player reviewed by the Reg the other day that used Java).
The real problem I see with this device is that there are almost zero people in education who would have a clue where to start with this device.
Most people in education cannot even use word and excel properly (and that include the so called ICT teachers), but then again I have said for years that ICT should be renamed: "Basic Secretarial Studies".
If a school can find someone able to use this kit; putting something like this into secondary education would not only give kids an idea of what is behind the devices they use everyday, but might actually encourage them to do something remotely useful at Uni later on.
The biggest advantage though would be all those kids who can barely read or count, but will have three or four GCSE's in ICT might also learn that they are not going to get jobs in IT.