Chumby is an interesting case, and a sad one. I think Chumby has a lot in common with much larger companies such as Nintendo, RIM, and HP, in that their business model was demolished by the iOS steamroller that they didn't see coming.

Unlike those other companies, Chumby didn't have the cash or the product-line diversity to put up any kind of a fight. If they had survived, they'd eventually find themselves running Android on commodity hardware, just like everyone else at the low end of the market for consumer gadgets is eventually going to have to.