PC Connection Express has the HP 3105m Mini Executive 11.6" Laptop (XU008UT#ABA) for $369 - $10 off with coupon code LAPTOPTEN = $359 with free shipping. Windows 7 Home Premium 64-bit installed. The Windows 7 Pro version (XU009UT#ABA) is $385 shipped with the same code
AMD Dual-Core E-350 1.6GHz, 2GB DDR3, 320GB HDD, 6-cell
11.6" LED 1366x768, AMD Radeon HD 6310M, 802.11n, Bluetooth
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Think of this as a more powerful netbook. If you try to compare this to a full fledged laptop you'll be disappointed. The E-350 thoroughly beats the Atom but compared to a Core 2 duo or Core i3, it's very slow.
There are a lot of mini executives that are going to want to get their tiny hands on one of these.
This would be a great deal if they gave you 4GB of memory rather than 2GB. Aside from that, I would love to replace my little Atom netbook with one of these. It is surely a big step up.