After months of anticipation, and speculation that the development and manufacturing costs might be spiraling out of control, Arrington summed it up by saying "the entire project self-destructed over nothing more than greed, jealousy and miscommunication."

In a Web-based press conference this morning, Fusion Garage CEO Rathakrishnan rejected the notion that the intellectual property rights for the device are shared with TechCrunch and maintained that Fusion Garage has every right to move forward with the project solo now that Fusion Garage and TechCrunch have parted ways.

Pre-orders will be accepted at beginning Friday, December 11. However, at $499 for a 12.1" dedicated web browser device that only works over Wi-Fi, it seems like some bad joojoo. I hate to say it, but I think the rumors of the resurrection of the CrunchPad may be greatly exaggerated.

Is there a market for $500 flat-panel Web browser devices? We already have netbooks--many of which come with wireless broadband as well as Wi-Fi connectivity--selling for less than half that right now, and the netbooks have much greater functionality. The JooJoo makes the , and it seems destined to fail as an overpriced niche device.

Assuming the device works as advertised and that there are people with money to spend on such frivolous things, the JooJoo is probably still doomed by litigation. Arrington has stated that TechCrunch will file lawsuits to rebrand and relaunch the CrunchPad.