It was inevitable, really – now that ARM processors are bound for netbook and the like, it follows logic that ARM would tag team with Canonical to bring Ubuntu to their shells. The two firms have collaborated in order to bring full Ubuntu Desktop operating system to the ARMv7 Processor architecture to address demand from device manufactures. 
Sadly, you’ll have to wait until April of 2009 to see the fruits of this so-very-special relationship.
[CNET]
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