Over a year ago, TechCrunch editor Michael Arrington took on the challenge to build and sell a simple Web tablet for $200. The goal was to make device that was bigger than an iPhone but smaller than a full-blown personal computer, and easier to use than a netbook. The concept-only device was christened the Crunchpad and was scheduled to be ready for sale this month. Now TechCrunch has announced the www.fusioingarage.com, the 12-person Silicon Valley company that had been contracted to produce the Crunchpad, had decided to take over ownership of the product and market it themselves. The new device will be called JooJoo and is based on a 12.1” touchscreen. It will sell for $499. One of its main selling points will be a 9 second startup sequence.  Industries eyes are on the JooJoo.