To PC or not to PC?

After many stories regarding Google being in negotiations with retailers to sell a Google PC, Google is denying it.

It is rare for a Google rumour to be totally without merit, so my guess is that the "GoogleBox" is real, but not a consumer PC. Perhaps something for businesses, similar to the Google Appliance, but with an advertising focus? Or maybe a media storage device?

But then again, this is unlikely to be made up:

Wyse President and CEO John Kish mentioned during a presentation at the Red Herring Fall 2005 conference last month that his company was in discussions with Google focusing on a $200 PC that would be targeted at developing markets such as China and India, part of Wyse's greater push to bring technology to such countries.