Looks good. If you want smaller notebook check out this Acer is pretty close to the system you're looking at and is on sale for $399. Don't know about shipping. The Travelmate is a 14" WXGA screen, which I prefer over the 15" XGA on the Compaq. The compaq has a 5200rpm HD which is nice. I don't know how fast the Acer's is. IN both cases you'll need another 256MB memory.
One thing you should consider is how long you want to use the machine. The cheapies might not be the best choice if you want the machine to last more than 2 years.
A few weeks ago Dell was offering incredible deals on machines w/ Pentium-M and Dual-core processors. You need to use the coupons on the notebookforums.com . These machines will have more longevity provided they don't break.
One thing you should consider is how long you want to use the machine. The cheapies might not be the best choice if you want the machine to last more than 2 years.
A few weeks ago Dell was offering incredible deals on machines w/ Pentium-M and Dual-core processors. You need to use the coupons on the notebookforums.com . These machines will have more longevity provided they don't break.