I have a friend who lives here at my boarding school in Denmark, where electronic prices are quite expensive - he comes from The States and is in need of a new laptop, which his father could bring him once he comes visiting here in Denmark soon, and as I know nothing about prices and hardware in The States, perhaps you guys could help me?
He needs a laptop for school, so around 15", not too heavy, is able to run World of Warcraft and Leagues of Legends at a proper framerate. Perhaps even BF3?
Anyway, I was also thinking something like i5 or i7 sandy-bride, 6GB of ram and something like GT 550M perhaps, is that possible at a pricepoint of $700? perhaps MAX $800
You're thinking is taking you in the right direction. GT 555M or Radeon HD 6770M.
You probably won't find a i7 CPU in your price range but a i3/i5 CPU should fit into the budget. BF3 at low graphics settings, WoW/LoL at high.
This is looking like your best option ATM: HP Pavilion dv6 Select Edition ~$710 when equipped with 6770M
Core i5-2430M 2.4Ghz CPU, 8GB RAM, 750GB 7200rpm HDD (+$10) 15.6" 1366x768 LCD w/ Radeon HD 6770M (+$100)
Bluetooth is a $15 upgrade you might want to consider.
In terms of reliability, ASUS is far better than HP. But recently HP is building solid laptops too, but generally they run hotter and have real cheap screen. It kind of reminds me how ACER was (&now?) when compared to other brands.