Core i5 is a quad core whereas Core i3 is dual core processor. So performance difference is bound to be huge. So go for i5 based lappy. However, if you don't get an i5 with gfx card, it will be better to get i3 with gfx card as that will give better gaming performance.
As far as HDD is concerned, i don;t think there are many lappys with 7200rpm HDDs as the power requirement of these is higher, not good for battery life.
---------- Post added at 06:20 AM ---------- Previous post was at 06:08 AM ----------
I was checking dell's website & found
this , you can have a look at it