Micheal Arrington, an editor at TechCrunch, has launched Crunchpad Inc. This startup company will be manufacturing a device of the same name, that will allow users to browse the web using a touchscreen. The device appears to be very similar to the iPhone, but will serve different functions. The device itself will be very small and lightweight, and will run on low end hardware. It will feature a Linux based operating system, and will likely only run Firefox and perhaps Skype. The lack of power hungry applications will allow the price of the Crunchpad to remain low. Arrington is currently looking for investors to finance the project, but with such an interesting concept that shouldn't be too difficult.