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You heard that right. A team at the MIT International Development Design Summit thinks it can build a $12 computer to help kids in less-high-and-mighty nations learn the ropes of keyboards, mice, bits and bytes.

The project was inspired by ... the $12 computers that are being sold and used today in Bangalore, India, as discovered by graduate student Derek Lomas:

A $12 computer of sorts - a cheap keyboard and Nintendo-like console - already exists in India, where people hook the devices to home TVs to run simple games and programs.

The idea has even more juice because the team wants to model these $12 devices after everybody's favorite late-'70s tech marvel, the Apple II:

"My generation all had Apple IIs that we learned to type and play games on," the 27-year-old said. "If we can get buy-in from programmers, we can develop these devices and give (Third World) schools Apple II computer labs like the ones I grew up with."