That's fine. Everyone is entitled to their opinion. I backed my opinion up with a little bit of research for some other laptops to back up my claims. But, yes, I did not find anything right at $700. But I'd rather a pay a little bit more than settle for something I didn't want (in my opinion). If you are going down the "add this and that" and so forth road, then I'd jump to get the ASUS I posted over the ACER with a 2 year warranty. But, again, that's just purely my opinion.
At any rate, you really do get what you pay for. I would argue that $700 is a throw away laptop...it's a pity, but it's true unless all you use it for is internet and email. $700 will get you a hell of a desktop, but not much of a lappy. It's why I saved up and got myself a Vaio with everything I wanted (~$1500). Granted, not everyone can do that...especially with mishaps, accidents, and the economy in shambles. Therefore, I offered the best I could from my knowledge stemming from owning my own computer business.