Yes PIC, as in Personal Internet Communicator. A PIC is an inexpensive computer created by AMD, running a stripped down version of Windows CE. Now, 2 years after its initial release, there is a second-generation of the PIC available and the Computer and Peripheral Testing Laboratory, in the Thailand Science Park near Bangkok University, has successfully booted an official OLPC image as well as an Edubuntu on one.
Head on over to LinuxDevices.com and read the entire article. If you are interested in further reading and specifications, then check out the OLPC Thailand Wiki Page.