Yes!!! Now we have with us the power of PandaBoard and all thanks to Texas Instruments for providing us the board for our project and guess what..it's sponsored by them.
After half an hour long conference with Vikas Joshi representing TI, he sent to us PandaBoard which will give a special edge to our project. We have already installed Ubuntu OS image on it and we are heading towards our next step to complete Phase I of the project.
Thank You Texas Instruments!!!