The first generation of the OLPC had a good deal of press but not the results. A lot of countries rejected the offers, but wait the next generation is going to be a great gadget for everyone not just kids.
The specs of the the device are not clearly published yet, but looks like it will be ready in 2010.
Oh the Give 1, Get 1 program will commence again this August or September.
Head over here for a Video of the presentation — First Look: OLPC XO Generation 2.0 [Laptop Mag]