All the complications between TechCrunch and Fusion Garage aside, Fusion Garage’s CEO Chandra Rathakrishnan officially launched the JooJoo Web Stale, which was previously known as CrunchPad. Chandra emphasized in the webcast that “Despite what was written, there is no suit filed today. We own the IP and will defend it. TechCrunch didn’t contribute a single line of code… As Michael wrote in his own April 2009 blog post, ‘All credit should go to Fusion Garage.’”

JooJoo has a 12.1-inch capacitive touchscreen (1366 x 768 resolution) and runs on Linux web-based OS. It comes with 4GB flash memory, enough graphic power to deliver full HD video, WiFi and up to 5 hours of battery life. It weighs 2.5 pounds and features USB ports and Bluetooth for connecting peripherals. The Web Slate will soon be available for preorder priced $499 and will start shipping in 8 to 10 weeks.

According to Rathakrishnan, JooJoo is not a tablet even though it performs many tasks like a tablet. He says that the device boots directly into a browser in just nine seconds and is designed primarily for web surfing. JooJoo will offer some offline capabilities for emailing and multimedia.

According to CNET, “The hardware is slim and pleasing to hold. The screen is gorgeous, and huge, and the plastic back is gently curved. The unit is very slim, thinner than a MacBook Air. The browser supports Flash and other standard HTML extensions, but it won’t run non-Web apps. No skype. Also missing: a user accessible file system and printer drivers. While the demo we saw was running on unfinished code, we found the device a very attractive integrated experience. The user interface on the browser is simple and clear, although we expect it will get a bit more cluttered as necessary functions are added in before ship.”

JooJoo is a very interesting device but has very limited use (only web surfing) and it will be priced $499. The device is costlier than most netbooks available today, while offering less functionality than the netbooks. Making it very hard to justify the price tag. We have added the hands on video posted by CNET below.