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Pros: At this price (just over $500) I couldn't find any other machine with all these features. A 1080p touchscreen, decent amount of RAM (6GB) and a nice design (metal, fairly thin) is quite a bargain. I was a little apprehensive buying refurbished and hearing about some challenges with the Atheros Wifi hardware used in some machines. I checked out my machine immediately and it had less than 40 hours of use on the HD and came with the Intel WiFi hardware, so my fears were resolved. The machine seems brand new.
Cons: Nothing significant to mention. I wasn't crazy about the lack of packaging and documentation, but that is what you get buying a refurb.
My machine came in sleep mode and some sort of Factory Reset app launched, but not run. I went out on a limb and clicked Run on the utility and it restored the machine to a factory state and prompted me to walk through Windows first boot process (setting time, locale, language, etc). It seems that whomever did the refurb didn't quite finish what they were doing.
Machine ships with outdated OS, requiring 104 updates to Win 8 before Win8.1 can be installed.
All of these complaints will be a distant memory in a couple days once I've finished setting up the machine, so I'd still give the machine 5 stars.
Other Thoughts: I concur with others comments that an SSD would be a great upgrade as the 5400RPM drive limits machine's responsiveness. Now that 240GB SSDs are hovering around $100 you's end up with a $600 laptop would compare nicely to others @ $1000+. Spend another $100 to upgrade to 12GB of RAM and you're really cooking...READ FULL REVIEW