This was $50 more the other week with a newer GPU (http://www.ozbargain.com.au/node/105178), seems a fair price for these specs - includes touch screen making the most of Win8.
Windows 8, English (64bit)
3rd Generation Intel® Core™ i5-3337U processor (3M Cache, up to 2.7 GHz, with 1GB Discrete base)
Microsoft® Office trial
Inspiron 15 (3521) BTX Base
15.6 inch LED Backlit Display with True Life and HD resolution (1366 x 768)
4GB 1 DIMM (4GB x1) DDR3 1600Mhz
1TB 5400RPM SATA Hard Drive
Tray load DVD Drive (Reads and Writes DVD)
AMD Radeon™ HD 7670M with 1GB DDR3 VRAM
6-cell Lithium Ion (65WHr) Battery
Build My Dell
1Yr Carry-In Service after Remote Diagnosis
LCD Back Cover - Black
McAfee® Security Center™ (Multi-Language) - 15 Months Version
Also Includes
Dell™ Wireless 1703 Driver
Dell Wireless 1703 802.11b/g/n, Bluetooth v4.0+LE
Power Cord (Australia/New Zealand/Fiji/Papua New Guinea)
Documentation Kit (ANZ/TH/IN/DDD)
DW510205AU-Inspiron 15
Shipment Box - Brown(for Non-Touch Order)
Cyberlink Media Suite Essentials DVD
Discount is only valid if the corresponding upgraded item is selected above.
Limited time promotional offer only. No further discounts apply.
Internal 10/100 Fast Ethernet
8-in-1 Memory Card Reader: SD, SDXC, SDHC, MS, MS-Pro, MSXC, MMC, MMC+
Integrated single digital microphone
Stereo Speakers with Waves MaxxAudio® 4.0
NONE
NONE
Additional Software (For Windows Bundles)
OAK15V_1401_053/ANZ/BTS/C1
E-Waste Compliance
Dell(TM) chiclet Keyboard with Touchpad and num pad (English)
OS Media Kit Not Included
Integrated 1.0 mega pixel widescreen HD WebCam (1280 x 720)
Palmrest Label for Non-Touch Config (English)
Items Included (AU)
FGA NB1-OS-BTS Freight Charges(Australia)
Standard Delivery: Delivery 9am-5pm - Monday to Friday (excl. public holidays)
Laptop Batteries Carry 1 Year Warranty Only From Invoice Date
Dell's Terms and Conditions apply
Technical Support
Why do huge laptops all come with ULV processors these days