What's wrong with the Nokia netbook?

Nokia (NOK) released the specifications for its new netbook. That is no news. The largest handset company in the world has been talking about the initiative for some time. The recent news from the company on September 2, was that the machine will have an unusually long battery life of 12 hours. It will also run Microsoft's (MSFT) new Windows 7 operating system.

The press has been quick to criticize Nokia for the netbook's price at $819. Most netbooks cost under $400 and some run under $300.