You can get very nice, lightweight laptops that run Linux perfectly for much less, even from Dell (such as the Dell 14z which was only $300 on black friday). The main tips are to look for laptops that don't have dual graphics cards (nvidia optimus - although it will still work with http://bumblebee-project.org/ ), and google for the laptop model plus "linux" or "ubuntu" to see other folks' experiences with it.
The main issue now though are the new Windows 8 tablets (the Pro ones that mostly are not out yet) - we'll have to see how well they run Linux distros.
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