About 50¢.
A deal with 50¢ would be bad. No, that's not me being racist. That's me being realistic. 50¢ is, IMO, one of the worst big-name rappers (or is it rapers, no pun I seriously can't spell) Apple could use. Big Tymers, Camron, Outcast, Nelly, Jay-Z, Lil Jon, or Sean Paul, to name a few, would sit 10 times better with me. I just don't like what 50¢ stands for.
About the deal
As far as apple branding ANYTHING, I don't think it's a good idea. Sure, it might be working now, but teens are a ficky bunch, and if apple keeps it up they'll become seen as sell-outs. If they keep the branding to "older" music, like U2, Ditty, and the Beatles, they won't have to worry about becoming sellouts. Apple is just becoming pop..the problem with pop is it goes out of style just as fast as it comes in. And let's face it, I would rather have an mp3 player that no one knows about (ie, 2001 iPod) then an mp3 player that is yesterday and poser (Where apple is headed)
Cheep computers?
I think cheep computers is a great idea! Make em upgradable too! A mini-tower with an AGP slot and 3 PCI slots, 2gig max RAM, and a Pentium 4 CPU would make for a pretty sweet deal, AND you wouldn't have to worry about it canabalizing sales of other macs for the pros because it uses yesteryear technology. If anyone can make a $350 computer without canabalizing sales of its $3500 machines, it's Apple.
MacRumors responce
I think the reason why so many people are upset it because Apple was the elitest computer manufacturer, and even upgrades cost more. Now they're comon parts and could be targeted towards inner-city ghettos. Yeah, it I was a white elitest bastard, I'd be pretty pissed too!