Australian technology entrepreneur Ruslan Kogan, known for his boasts and little in the way of follow-throughs, recently claimed he was developing a netbook and even asked people online what they’d like to see in it.

Naturally there was skepticism on how far this would go but amazingly enough it looks like he is coming through and planning to release the netbook.

Kogan headed to Australian PC Authority headquarters with a prototype of his netbook and delivered his netbook — titled the Agora after himself — a fairly run-of-the-mill sounding machine but quite impressive given most people were expecting nothing.

The Agora features a 1.6GHz Intel Atom N270 CPU, 1GB of RAM, a 160GB hard drive and a 3-cell battery. A “Pro” model will allow double the RAM and a 6-cell battery, and both options will be available with gOS and upon its release, Windows 7. The basic model is expected to cost AU$499 (US$320) while the expanded version will retail for AU$549 (US$355).

Certainly great prices but don’t hold your breath for them being released internationally any time soon — a domestic deal may be the first hurdle in the Agora’s life.