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Solve : Is this a decent laptop for $ 509.99?

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Is this a decent laptop for $ 509.99
I  am looking to buy a [urllaptop[/url], all I want is a good decent one, this one I have choose is a LENOVO U350 13.3 inch (Black).
You can choose the laptop here; it is ranked  on the list-
http://www.procompare.com/best-laptops/

Here's my CUSTOMIZED system specs:
Technical Detail:

1.3GHz Intel Pentium Processor
3GB 204 Pin DDR2 SO-DIMM Memory
250GB SATA Hard Drive (5400RPM); 802.11 b/g
13.3" 1366x768 LED Display (16:9); Intel GMA 4500M Graphics
Windows 7 Home Premium

Product Detail:

Product DIMENSIONS: 9 x 12.9 x 1 inches ; 3.5 pounds
Shipping Weight: 6.7 pounds
Shipping: CURRENTLY, item can be shipped only within the U.S.
ASIN: B0032ALW6G
Item model number: 2963-4GU
Average Customer Review: 3.8 out of 5 stars  See all reviews (6 customer reviews)

 Do you think it is a good decent computer? Quote from: ravi12 on August 25, 2011, 03:35:51 AM

Is this a decent laptop for $ 509.99...
No.  It was new 2 years ago & is now discontinued.  If you can get it for $300, then OK.


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