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Pros: 1> Compact design with a good keyboard; The keys spring back when you type and they aren't too small to type on. Some of you with larger hands may have a hard time adjusting to the size difference, however.
2> Bright, crisp display.
3> Great integrated wifi; The Atheros wifi chip seems to perform on par with the usual Broadcom, if not better.
4> Portability! When you close the netbook, it goes into suspend mode to save you battery life. Although the 3-cell battery that comes with this will only last you 2 and a half hours (optimistically) you can order 6 or even 9 cell batteries to make it worth your while. (8.5 hours of battery life on a note/netbook? Sounds like a dream!)
Cons: 1> Webcam is horrible. The bandwidth is slow so don't bother taking videos with it. 0.3 megapixel? What is this, 1998?
2> MOST IMPORTANTLY: The SSD that comes in this device is bottom-of-the-barrel. It must be based on old flash technology, or is at least the cheapest, crappiest SSD that acer could afford. In the Linpus Lite environment, you won't notice it, but should you install Windows like I have, you'll soon discover that the write speed of the drive is MISERABLE. Sure, it can boot up in 15 seconds, but if you're running an operating system that uses a pagefile, you'll tell a different story. If you're a power user, look into finding a compact-flash-to-ZIF adapter with a suitable sized CF or even an 1.8 iPod hard drive to use when you crack this baby open to upgrade it's RAM to 1.5gb. BOTTOM LINE: I don't mind the webcam. My satisfaction with this product was 5 eggs until I discovered how horrible the SSD inside is; If I had known, I would've bought the HDD model.
Other Thoughts: Caveat emptor. Do your research before buying this; If you plan on installing XP at any point, don't bother unless you're also willing to install it to a new storage device.READ FULL REVIEW