Will Tata Nano be the netbook of cars?

It's cheap, it's boxy, and it's apparently safe. Word has filtered out that the Tata Nano, the world's cheapest car, just passed EU crash test standards. This raises a very interesting possibility. The Nano, which will cost less than $3,000, was originally targeted at the developing world. But could the Nano tap into a ready market of low-budget buyers in the developed world as well? Could it be the netbook of the car industry? And should competing automakers be scared?