Is it real, or is it photoshop-fiction? Almost certainly the latter, but since our editor-in-chief, Dieter, went and bought himself a Dell Mini 9, it stands to reason Apple leaked this just to give him a little pay back for the stray Mac.
Gizmodo runs down the speculative specs:
Do we want a low-yield baby Mac? Would it be even more interesting if, as Apple Insider reported some other rumors suggest, carriers like AT&T, Orange, etc. start offering subsidized MacBook's when you sign a contract for a data card?