I don't remember which way they spelled it, but its a 2 channel plane by FastLane for sale at toysRus for 20 bucks. Its a single wing, forward puller prop and an actuator rudder. Made of EPP foam and about a 10 inch wingspan with a lipo cell in it. It looks like the same TX gear that the aero ace uses, and the design looks just like the old silverlit singlewing. The use of a lipo v.s. the NIMH pack will make it a much better preformer than the singlewing though. I didn't pick one up yet, but it looks like the best buy in the micro flight arena right now. It's got all the other planes beat by at least 10 dollars, and it actually uses a ruder instead of vector thrust.
OK its spelled arrow, and it turns out that it might NOT have a lipo in it. I'll have to research further. It would definitely be worth getting and sticking a lipo in though.