I think some of you are forgetting it's name... hAP... as in Access Point. You don't need much storage or ram to run an access point. This isn't intended to be routing or filtering. It certainly can do small amounts of that, but the key is still Access Point. An access point only really needs the System, Wireless-FP, and maybe DHCP packages. That's about 14MB of storage. Add Advanced Tools, Security and NTP and you are up to 15MB. Just what is needed to run as an access point, with say 50 clients, you will need about 16~24MB ram.
So, the hAP AC Lite has 64M ram - roughly double what you really need. A 650MHz CPU, again - double what you really need. and 16MB NAND. Enough to hold what is needed and a few extras.
At $41USD, I think it's more than meeting what was expected out of it. The closest thing that you will find to it is the Western Digital My Net N600 HD Dual-Band Router at $70USD and I promise you that it will not give you the flexibility of the hAP AC Lite.
Network & Security Engineer
Intrus Technologies, LLC.
Rancho Cucamonga, CA, USA