Is it possible?

I’ve been thinking if a device with following capabilities is possible under $125, in next few months. It needs to do only one thing: replace a piece of paper.

- 8.5 x 11 display
- detects stylus and touch input (no multi-touch needed)
- accepts memory stick or connects to internet for storage (S3 storage?)
- must have ability to write/draw/shade
- keep adding new pages (or provide endless scrolling)
- export the pages as pdf/jpg/png/whatever standard format
- monochrome / color (doesn’t really matter)
- be as thin or thinner than a 60pg binder / notebook.

All that under $125. Do you know a device that meets my criteria?