It's the entry level AW laptop in a "netbook" body.. hard to call it a netbook with a 335m and an i7 cpu imo but I think the $749 price only includes a c2d and not an i7. IIt is nice but for nearly the same price or just a few bucks more you could get something a bit better.
For $749 shipped it's a pretty decent deal though. Since it is so small it's perfect for travel but I think I would grow tired of the small display very quickly.
If I had $800 to spend on a laptop I'd probably go ahead and grab this simply for the wow factor of owning something this cool looking even though it does have a few shortcomings. (no gigabit ethernet jack, small screen, flat keys, poorly rated hinges, small capacity 5400rpm hdd, 1.3ghz cpu etc)