Ubuntu 12.04 Ported To the Allwinner A10 MK802 Mini PC
New submitter beefsack writes "Thanks to the strong ARM support in the Ubuntu repositories, Ubuntu, along with Lubuntu and others have been ported to work on the new MK802 mini PC. Performance is very impressive, especially given that Mali GPU driver support in Linux is still lacking features such as hardware video decoding."
Debian has been releasing for arm for years! Since ubuntu is based on debian of course it would follow that ubuntu can be made to work on arm too
http://www.webupd8.org/2012/05/mk802-new-usb-thumb-drive-sized-android.html
The link alone should tell you what the device is. Price per unit is supposed to be $74, not quite RasPi class.