Intel's Classmate 2 was never intended for manufacture by Intel; the PC was simply a reference design provided for OEMs. Well, the first one is here: meet the Computer Technology Link 2Go PC.
Computer Technology Link has the presumptive first manufacturer of the Classmate 2 for some time now. The final unit specs are the same as the demonstration model we've been playing with since the Intel Developer Forum—and which, in a later incarnation, we found quite palatable at CES—barring the replacement of the 802.11n wireless card with a b/g unit.
The price is a steep $550, but could well be lower for bulk orders. That is, assuming there are other sales channels, as CTL's site only allows one laptop per customer. You know "OLPC". [CTL via NetBux—Thanks, Johannes!]