Thanks guys for ur suggestions (I still need lot of them)
Current Situation
Votes for Dell Studio 15 - 1
Votes for HP dv5-1015TX - 3.
@DesiBond ... XPS may be a better as a Brand Name and comes with premium features like a Lighter weight (2.62KG) and Complete Cover .
But at this time Studio is a better option.
One can opt for Montevina Platform(1066 FSB). Get Backlit Keyboard.The only culprit is Graphics card.
What I personally feel is that XPS series is due for a overhall. Include options for processors with 1066 FSB, 9XXX Series Graphics Card. After this upgrade XPS series will certainly Rock.
UPDATE --- Dell Site is now offering another configuration for Studio 15 (
R541103IN8) Now one can opt for Colors form "Mike Ming" and They have also enabled option for P7350, and Silver Palmrest (what is this

) with fingerprint reader.
One more strange which I have noticed is that even if you order the exact same configuration but using different value codes(default configurations). You end up paying different Prices.
Example if I choose exact the same configuration mentioned in post 1 with Value code R541105IN8 the final price is 62,355. and if I choose the same configuration with Value code
R541103IN8 the final price is 63,928.
Can any one explain this difference
Can we Install windows XP on HP-1015TX ??