Scotch summed it up pretty good. Since the only way to get 1+ gig of storage (so far) is a microdrive, a 1 gig version would be $300 to $350, and with the IA-1, your total would be about $500, which could buy you a very nice, but used, pentium II 266/300 laptop computer with active matrix screen.
But, if you are able to obtain a IA-1 cheaper than tigerdirect at $139, and settle for a 340meg microdrive, or better yet, a compact flash card, you would maybe be able to come in under half that.
Here's what I spent (I got lucky):
Compaq IA-1: $30 it was marked down 75% at an office depot closing, then got 10% more off because a special coupon that day, then 10% off because open box, and then the $100 compaq rebate, and that's INCLUDING tax
340MB microdrive: $175.51 from ebay (way back in march - so prices should be down)
Linksys USB 10bt: $9 clearance at office max (a 2nd one I got is now being used for my Audrey)
USB keyboard: $7 clearance at office max
USB mouse: $2 clearance at office max
Even still, it cost me $225 for all of that. And the only way to expand is via USB
Have you heard of someone hacking the IA-1 to add a big HD or were you just inquiring, and hoping that someone had done it?
How is win98se on the IA-1, scotch? Win98fe seems fine.