Lenovo is finally ready to talk about its upcoming netbook. The company will soon be releasing a 10 inch laptop called the S10. According to Laptop Magazine, there will be two versions available at launch. The cheaper model will cost just $399 and will come wih 512MB of RAM and an 80GB hard drive. Or for just $50 more you can get 1GB of RAM and a 160GB hard drive.

The keyboard is described as 85 percent the size of a typical laptop keyboard, which should make typing bearable if not necessarily fun. And the S10 trackpad supports those multi-touch features which seems to be all the rage these days.

The S10 should hit the streets in late September, possibly earlier in some parts of the world.

Update: We’ve got more details and some official product images.