Raspberry Pi - Let's hear your thoughts on this.

I have QUESTIONS!!!

Why no VGA? Only HDMI... The composite I can understand. But HDMI over VGA? Wut?

700mhz proc. 128 RAM. Hobbyist toy. 25 dollars. For 30-something you get 256 ram and some other addon (can't recall).  Any thoughts on this?

Personally I cannot see this being anything other than a 25 minute amusement unless you ARE very serious about this sort of thing.