TheNerds.net has the ASUS UL20FT-B1 12.1" Core i3 Notebook (Silver) for $536 - $100 rebate [Exp 6/30] + $23 shipping = $459 shipped.
Intel Core i3-380UM 1.33GHz, 4GB DDR3, 500GB hard drive
12.1" (1366x768) LED LCD, Windows 7 HP x64, 6-cell Li-ion
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Not too shabby for something new. Site says the CPU is a 380UM which is slightly faster than 330UM. However, reviews say battery life sucks compared to other ULVs and 2GB might be a bit too light for some.
I have one of these for couple of months now and the battery life is a bit short that the Intel Atom netbooks but its operating at a much faster processor so there trade off is acceptable. Plus this is a 4GB model so it will run Win7 64bit with no problems. Good little laptop.