If you shop smartly and look around you can get 15" LCD (LED lited) Core i3 with 4G of DD3 RAM with 250G/320G HDD with Windows 7 (64bits) easily for $499. The only down side to that is that it'll weight closer to 5lb and battery life is probably more along he lines of 4hrs instead of 8.
I bought an Acer from Newegg at the beginning of the summer and an HP from Bestbuy (local store but same price online) about 2-3 weeks ago.
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