Right now I'm holding back from purchasing as the third-generation Intel Atom processors are becoming available, so I'll see how the market progresses over the next couple of months.
I have a HP DM1 running the AMD E450 with ATI Radeon graphics, its often on offer at £270
Decent CPU speed and unlike Intel decent Graphics chip, runs for 5-7 hours on a charge, multitasks well, I run many tabs with flash and virtual machine with no bother, in down time it'll even do some gaming like Dead Island at near console level quality (not high level like my games PC but good enough to enjoy, plus there is always onlive if you want that sort of thing on a netbook though I suppose)
I'd recommend it, great usable netbook with a decent screen that doesn't completely washout on tilting like the Lenovo x121e I had before it (broke after 5hrs)
Looks like I'm in a small, rapidly-declining minority whose needs are met by netbooks!
You are not alone, netbook does all I need for general use, just upgraded my 2+yr old eeepc to this DM1 the upgrade was primarily because flash was bringing my eeepc 1000H to its knees and the 1024x600 res was a bit restrictive, this machine is a whole other level though I will admit its not as well built as my 1000H which is like a childs toy and just wouldn't die, the HP is good enough though.
Does everything I want from a portable system, far more than an ipad could manage.