Buy.com has the Acer TM8172-3519 11.6" Core i3 Notebook for $553 with free shipping. Comes preloaded with Windows 7 Professional installed.
Core i3-330UM 1.2GHz processor, 2GB DDR3 memory, 250GB HDD
Intel HD graphics, 11.6" LED LCD display, memory card reader, 6-cell
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If you want to settle for a slightly slower version, and save $100, the 11" gateway model recently listed here is a good option. It has a Core2Duo instead of an i3. I think it also has slightly higher battery life.
Damn thats alot for only 553