I recently (actually not so recently, ~40 days ago) bought a Lenovo 3000 series Y 410 laptop for $778. Y 410 comes with a Core 2 duo processor (1.66GHz), 2GB RAM, 160 GB SATA HDD, integrated 1.3 MP webcam, face recognition technology and so on. So far my experience has been very good.
These are some of the pros and cons that I figured out.
Decent battery life (~ 3hrs on OpenSUSE 10.3)
Light-weight (2.25 kg)
Value for money
I named it "Hogwarts". As Harry-potter fan, I thought, the laptop which is going to make me a Computer Wizard and named it as "Hogwarts".
I could install OpenSUSE 10.3 without much issues. However, I couldn't get the desktop effects working. Looks like my graphics card is not supported. Surprisingly my Chicony integrated webcam worked out-of-the-box on OpenSUSE 10.3 .
Thanks to my laptop, my PC time has increased, hopefully it's all good :)
 PC time - Time spent with Computer