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Pros: Bought this for my build last year, and I haven't had a single regret about it. From the average computer user to heavy duty gamers... this is more than enough for what you would need. I run it in a full atx tower and my temps stay nice and low, even while gaming.
Cons: noneREAD FULL REVIEW
This review is from: ASRock Z77 Extreme4 LGA 1155 Intel Z77 HDMI SATA 6Gb/s USB 3.0 ATX Intel Motherboard
Pros: Great board. I've had it for over a year now with zero problems. Digital readout is helpful if you run into any problems while connecting everything in you build. For the price... can't go wrong.
Cons: none so far after 14 months...READ FULL REVIEW
Pros: Lightweight, fast, chrome OS, linux compatible
Cons: Battery life is poor for such a small machine
Other Thoughts: This thing is awesome, hands down. I use this for college and it comes in handy. I was unsure about using chrome OS but I decided to take the plunge (I bought mine used online for $135 so it was a steal). It is linux compatible with a program called crouton. I'm sure there are others out there but this is a pretty popular one. Gives you Ubuntu 12.04 with the option of XFCE or Unity.
Now here's the kicker. This is obviously not any sort of desktop replacement or a main laptop replacement. HOWEVER, chrome's remote access app is a game changer in my opinion. You don't have to give up your windows or mac os experience whatsoever. I'm able to remote in to my desktop running windows 7 PREMIUM which by default doesn't have full remote access. However with the chrome app you don't need that feature.
As stated above the battery life isn't all that impressive, or even average for a laptop this size. I'm averaging about 4 hours with normal use. That's the only trade off with this chromebook in comparison to other netbooks. It's nothing to fret over in my opinion. The speed of this laptop is well worth the cost, which is nothing as far as laptops and netbooks go. If you've been on the fence about it, I say go for it. Don't forget to utilize the remote desktop app. You'd be surprised how useful a lot of the chrome apps are.
Hope this helps in your decision.