Yesterday, I went ahead and purchased the HP Pavilion DV2 - 1003AX Notebook(Click on the images for a bigger picture). My key requirement was portability(read light-weight) and mobility while not compromising on the performance. I thought this one hit the sweet spot.Spec:
Screen size : 12.1 inches
Processor: AMD Athlon Neo 1.6 GHz
RAM: 2 GB
Graphics Memory: ATI Radeon 512 MB dedicated card
HDD: 320 GB
Weight: 1.7 kgs
OS: Windows Vista Home premium - free upgrade to Windows 7 in Oct.
Price: Rs. 44.5 k
NOT Bad!! I say!