Really cheap laptop

Found this Lenovo ThinkPad R500 2718 Core 2 Duo P7350 2 GHz 154 TFT for just £244.82 including free delivery everywhere else ive looked this same laptop costs £450 no less, can anyone tell me how good this laptop is im thinking of buying it when it comes back into stock, heres a link to there website http://www.crescentelectronics.co.uk/lenovo-thinkpad-r500-2718-core-2-duo-p7350-2-ghz-154-tft.html?source=aw&awc=2661_1288212543_080662f0d29f834e51849369b7beaf37
Heres the spec
Lenovo ThinkPad R500 2718 - Core 2 Duo P7350 / 2 GHz - RAM 2 GB - HDD 160 GB - DVD - GMA 4500MHD - Gigabit Ethernet - WLAN : 802.11 a/b/g/n (draft) - TPM - Vista Business - 15.4" Widescreen TFT 1280 x 800 ( WXGA ) - black - Microsoft Office Ready
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  1. What are your plans for it, i.e. gaming, Internet, office apps, etc...?
  2. Just going to use it for internet office apps and watching movies, and this is the cheapest brand new one i can find so it looks pretty good but im not sure.
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