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Espruino is a JavaScript interpreter for low-power Microcontrollers. This site is both a support community for Espruino and a place to share what you are working on.
@Joakim
Even smaller! It seems to have about 50 meters TX range, and the only power measurement listed is 70 mA during active RX.
There's some more info on their blog, apparently they're also building a router-on-a-chip that supports OpenWRT.
Sorry for slanting off topic here, but considering the power needs of wifi, is it really the solution to the Internet of Things? Isn't BLE (Bluetooth Low Energy) coupled with a bridge to the internet a more efficient and elegant solution? I'm just thinking out loud, don't want to sidetrack the discussion :)