I' have a Dell Latitude D600
Intel Pentium M processor 1600MHz
799MHz
512MB of RAM
30GB Harddrive. (Not huge, but more than enough for all the standard school-related programs, all the stuff for Engineering like SoldWorks, AutoCAD, MathCAD, etc. plus plenty of games and personal programs)
It's running XP Pro.
I find it good. I wish it was better for gaming, since it's been filling the place of a personal computer at college too, but I suppose it's not what laptops were meant for.
I just timed Microsoft Word's opening at 11 seconds to when you can begin writing, from the click of the icon.
[edit] oh, and the full battery gives you about 3.5-4 hours, it charges pretty quick (20 minutes, I think, never timed it). SolidWorks tends to drain the battery more quickly, and so do some games. It's the standard laptop for the engineering program here, and my next-door neighbor tells me that Half-Life 2 drains it quicker too, giving you 1.5-2 hours.
Standard stuff like word-processing and internet doesn't tax the power though.
Steal my dreams and sell them back to me.....