yeah HP seems good with the price and also the VGA is Geforce 7400 Go
and dont buy from web site as in local dealers (mind u, not HP show room rather local dealer and sellers) price may be a good 3 to 4k or even more less
Only one Con i can see is, There are 2 RAM slots where as in both the IBM and HP modem its 2x512

so no upgrade in future !!!
If possible try to ask the local dealer that u would need it with single 1GB module, and expect few extra bucks for that

but that may be a worth of investment !!!