http://www.theregister.co.uk/2004/12/29/sub-500_imac/
Man, I'm so buying one of these and a KVM switch for my office...Apple is said to be preparing a return to the 'pizza box' casings last seen in its classic LC and Performa Macs in the mid-1990s, but at this stage it's not entirely clear who the machine will be aimed at.
According to Think Secret's scoop, which cites "highly reliable sources", Apple will use Macworld Expo to launch the box, based on a 1.25GHz G4-class processor. The unit will retail for $499, the site claims.
It describes the box as a "bare bones" system, a term usually used to indicate a system unit without graphics, hard drive, memory and often even processor. However, the unit appears only to lack a display. The machine, codenamed Q88, is said to contain 256MB of memory, offer USB 2.0 and Firewire 400 ports, and provide 10/100Mbps Ethernet, 802.11b/g wireless and 56Kbps modem connectivity.