The specification is relatively modest: a low-end Intel processor, 2GB RAM and 16GB of SSD storage. Although this would be largely unusable in a Windows environment, the Chrome OS is simpler and more efficient and here it is fine. The intention is that documents are stored on the Google cloud, so only a small amount of local storage is provided.
The price at this stage is currently unknown. Chromebook laptops with a similar specification are priced around £200. Screens - the Chromebase has a 21.5" one with 1920x1080 resolution - sell for £100. There are some savings to be made - only one power supply is required for instance - but clearly some effort has gone into the styling and presentation. Perhaps a price in the range £299-£349 would be appropriate, but we shall have to wait and see!