The Asus EEE PC Surf Pink Netbook is the ultimate in portable computing. With a tiny 7 inch screen and weight of about 2 pounds, it is small and light enough to fit into a large purse. It is designed to be durable, with a shock proof design and solid state memory instead of a hard drive, so you don't have to worry about keeping it in a padded case.
It comes pre-loaded with Linux (you can load Windows XP yourself). The Linux operating system also comes with over 40 built in applications, so you won't have to spend a lot of money just to get running. This includes Star Office, which will let you open and save Microsoft Word documents, so you can still email in reports to school or work without worrying about opening the files on another machine. With only 2 Gigs on the hard drive, you won't be able to store many videos or pictures, but you can double it with the 4 Gig version. And at under $300, it's hard to complain about the space.