Now you can order PandaBoard on digikey.com (PandaBoard’s distributor) at $174. In India you have keep checking site of IDA System. Who are one of best Beagle Board distributor. The cost of panda Board is equal to Beagle Board xM, check here. $179 is fairly cheap for OMAP4430 processor (1GHz Dual-CoreARM COrtex-A9 MPcore) and 1GB RAM. Which is 150 percent performance increase versus previous ARM Cortex-A8 core. You can find many developer had received board by PandaBoard Early Adopter Program. You find their twitts. As of now PandaBoard supports Android, Angstrom minimal filesystem and Ubuntu. Very soon community will come with support for MeeGo & ChromeOS. For development setup Ubuntu is recommended. Don't get confused between Panda & Beagle Board. Panda Board is not killer of Beagle Board. It is not just next version of OMAP3 product but is much more with same cost. "PandaBoard was designed to be a vehicle for mobile software development, whereas BeagleBoard is meant to be used as a prototyping vehicle for product development." by FAQ. TI is really helping community to come up with various innovative solutions & products. TI dose understand community development thats why you can find various success stories of various product & projects. Developer can study these documents OMAP™ platform optimized for Linux and OMAP™ 4 Mobile Applications Platform to understand more about TI, OMAP & Linux. Even in very short time Panda Board attracted various Projects.
To start playing with PandaBaord is much simple steps, user will get all information on one page. If already know about Beagle Board or Hawk Board, then every thing is easy. New redesigned site is good. PandaBoard.org is using Drupal, which is open source CMS.
More information about Panda Board and Beagle Board
Video OMAP4430: http://focus.ti.com/general/docs/wtbu/wtbuproductcontent.tsp?templateId=6123&navigationId=12843&contentId=53243#videos
To start with Beagle Board: http://www.amitkarpe.com/2010/05/beagle-board-with-ubuntu-910-karmic.html
Please check this blogs/articles