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Gateway Intel Dual Core 1.3GHz 12" LED Laptop
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Buy.com offers the 3.08-lb. Gateway EC1458U Pentium Dual-Core 1.3GHz 11.6" Widescreen Notebook for $439.99 with free shipping. That's $10 less than our November mention and the lowest total price we could find for a lightweight Gateway laptop with these specs. It features an Intel Pentium Dual-Core SU4100 1.3GHz processor, 11.6" 1366x768 (720p) LED-backlit widescreen LCD, 4GB RAM, 320GB 5400 rpm hard drive, webcam, 802.11a/n wireless, media card reader, 6-cell battery, and Windows 7 Home Premium 64-bit. Note that it doesn't have an optical drive.
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