Something like HP dm1 11" sub-notebook $350
would be something I like a lot better. More powerful than a 'Netbook - smaller than a standard notebook.
Most important to me - 1366x768 screen resolution vs 1024x600 for the 'Netbooks.
You give up some battery life - but you get a lot more for your money.HP Pavilion dm1-4010us (Late 2011) Review