The idea behind this board is: build general purpose Arduino but very much lightweight (similar to the bare bones). Skip the form factor, but make it possible to connect sensors and servo's directly. Make it possible to use in breadboard, but also as small standalone module. Make it flexible, yet as compact as possible. It is by no means meant as competitor to the standard Arduino boards, it is tailored for easy building (few parts, all trough-hole) and easy connection (lots of connection points, standard pin-headers, standard grid size).
This board was previously dubbed 'CheapDuino' but after a discussion with Tom Igoe this board has been renamed 'ottantotto' which is italian for eightyeight (since the board is using Atmega88 controllers)
Go to ottantotto for schematics, pcb, features, software, etc.