I was able to acquire a 7" Android netbook. Here is my capsule review of the hardware and software:
1. Android 4.0.3 ICS - Works great in this little package, all apps work and they are fast.
2. Keyboard - A little bit bleh. You will mistype a lot.
3. Screen - Very good.
4. Build - Sturdy and does not feel cheap at all.
5. Emulation gaming - Haha! Just downloaded Retroarch from the Playstore and this baby is rocking it.
The video review above is basically the same build, except that mine is ICS and with a little bit faster processor and higher RAM.
UPDATE: Battery life is excellent. Almost 8 hours of continuous video playback.