As I understand it, techcrunch was designing a tablet in partnership with a design firm. The firm ripped off the design and created a competing tablet.

It was called the joojoo but they didn't get it out until ariund when the iPad was released and it couldn't compete at all.

http://en.wikipedia.org/wiki/JooJoo has the history

On January 9th 2012, Fusion Garage confirmed that the company had gone into liquidation owing creditors $40 million.

Seems like a fitting conclusion given everything else that has happened