Yeah, I am a bit confused by the price-specs ratio as well, I mean more-so than normal...
Graphics: Intel GMA HD 3000 (Up to 256MB)
Memory: 2GB DDR3 1333MHz
Hard Drive: 64GB SSD
And the battery lasts for 5 hours? I know it is a Mac, but still, this is old tech.
But with the O/S install of 8 gigs, I guess that does leave room for a game or two (last seasons games, but still) after installing any Office, or Office-type programs.
One reviewer on Amazon http://www.amazon.com/Apple-MacBook-MC968LL-11-6-Inch-VERSION/dp/B005CWIN1E makes an interesting case, "Battery life when not under heavy load is good. I can web browse, and as long as I stay away from Flash websites, can do it for several hours. However, under load the 5 hours Apple promises for wireless web browsing becomes sub two hours. If the fan is on, the battery will not last, so it becomes time to figure out which page is running Flash, or which application is hogging all the CPU cycles. For example, I can drain the battery in about 2 hours 20 minutes watching full screen Netflix--which uses the Microsoft Silverlight plugin--over WiFi"
While I am hardly a Mac fan, I sort of expected better, since battery life tends to be something I have come to associate with their devices.
From the specs, I imagine this would make a good "Kid's first laptop" if you want to keep Macs in the family, since this is pretty expensive for a word-processor.