I feel the need to make a Balloon-Lite, for some random projects, where  
the brute force of Balloon3 just isn't called for.
CPU = Cirrus EP9301
http://www.cirrus.com/en/products/pro/detail/P1053.html
(166MHz Arm9, Ethernet, USB host, 16-bit SDRAM, no LCD or camera stuff)
IO = pair of (or single) Parallax Propeller
http://www.parallax.com/detail.asp?product_id=p8x32a-q44
(slightly bonkers 8-core microcontroller, able to deliver I2C, SPI,  
Serial, servos, blah, all from software - all the micros have access to  
all the io pins :)
AC97 audio in & out.
Architecture will favour cheapness over most features, but will still fit  
as many B3 connectors as possible, as well as the form factor. Power  
consumption will be less of a driver. PCB should be 4-layer, cheap rules.  
No chips to be BGA. Probably no FPGA / CPLD.

Anyone care, or should I just get on with it?

Steve