No question about it, in fact, I just purchased a new middle of the road laptop, $549.00 with an i5 3210M cpu and Intel HD 4000 graphics.
I installed a 256GB SSD, and for a total cost of $739.00, that laptop performs like many desktops.
If you'd like to see photos, benchmarks, specs, etc. on my notebook, you find my comments here The Thread
just start with post number 213, and follow down through the thread. You'll see that this thing even games, at reasonable frame rates!