It would be straightforeward [sic] to essentially put the iPhone in a superior netbook-shaped form factor while retaining its superior low-power-draw characteristics
No, it wouldn't be straightforward. As soon as you got somewhere close to a netbook or larger in screen size and resolution, your battery life would go back to the 5 or so hours. More backlit pixels = more juice.
For example, a Blackberry 8830 has a screen resolution of 320x240, in 65,536 colors.
An iPhone delivers 320x480, in millions of colors. That's still well under basic VGA in resolution.
My ancient Dell Inspiron 6000 (which was considered a desktop replacement when it hit the market) is currently set at 1680x1050 resolution on its 15.4" display. It has a 1.8Ghz Pentium-M, and 2.0Gb DDR2 memory, DVD burner, Firewire, etc. It has been used as a desktop replacement when I was moving cross-country and staying with family shortly after I retired. I get about 5 hours on a new battery pack, not bad for what it's capable of. I've not been in an airport situation so far where I couldn't get by with the internal battery pack and the spare I keep in my Wilson's Leather backpack w/notebook compartment, truthfully.
I said "ancient" because it's a 2005 model, and if you look at the current versions of the MacBook Pro, Alienware Area-51, Lenovo Thinkpads, or Dell XPS they'll blow my Inspiron out of the water with respect to display, battery life, and processor capability. Burn a DVD on a Blackberry, or rip MP3s from an audio CD, etc. Different tools for different jobs, as it were.
IOW, you don't get something for nothing, Zahc.
One could argue for a clear-back palmtop display, sans backlighting, with something like 800x600 resolution, that uses ambient light to create the images. It would suck in low-light or nighttime settings, but would save some of that electrical consumption. Using a Speedstep-type processor would also save juice, and that technology's well-established.
I would have a hard time paying money for a notebook or palmtop downrated to the display and computing power of a Blackberry or iPhone. That would be the worst of both worlds, all the bulk of the bigger machines, with none of the horsepower.
No thank you.
BTW, I see that the new 17" MacBook Pro is touting an 8-hour battery life.
Battery technology is moving forward smartly, it would appear.