Ends at 10PM PT. Woot! has the Lenovo Thinkpad X130E Dual Core 11.6" LED Notebook for $300 + $5 shipping = $305 shipped. Available with the Intel Celeron 867 CPU & 4GB RAM or AMD E-300 CPU & 2GB RAM.
11.6" 1366x768 LED backlit, Wireless-N, 320GB HDD
1" thick, HDMI, card-reader, 6-cell, Win 7 HP x64
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FWIW, Intel 867 looks better than e-300
http://www.cpubenchmark.net/cpu_list.php.
Although I think the AMD has built-in GPU with some decent spec, so it might be better for some graphics workloads.
I also looked at the page and notice that they forgot to mention one pretty good spec. This machine is somewhat "ruggedized" so it might be a good choice for kids.
The Intel Celery 867 systems are sold out.