For people looking for a budget laptop ($500-600), I just bought the Toshiba Satellite L500-ST2543 (
link). It's even cheaper if you buy it with the AMD Athlon chip. I wasn't sure about that so I just went with the Intel option. After upgrading to Windows Professional and adding a Bluetooth, it came out to $547 with taxes included. Specifically for Ross people-even the cheapest option (I did not add memory etc.) exceeds Ross's basic computing requirements as listed on myImpact, with the exception that you will have to upgrade to Professional.
I went to Best Buy today to see if could look at it and I believe it's sold in the stores as the Toshiba L505-ES5018. The specs were identical to the L500 I bought online (with the exception of being installed with Home Premium).
I'm pretty happy with it. Everything is nicely sized and the keyboard has a seperate number pad, which is apparently a blessing for entering crap into Excel (have no idea how much of this is needed in b-school but whatever). The tradeoff is the weight, obviously. And I'm sure computing power compared to a snazzier Lenovo. These weren't as important to me because I bought a parking spot near the school and because the last time I bought a super-expensive laptop for school ($2000 in 2002), I used it for Word and Itunes and the internet and pretty much wasted all its potential.
The only thing I wish I'd figured out before I bought my laptop is that Ross's computer showcase sells Windows 7 Ultimate for way cheaper than the upgrade through any website. I realised this when I was purchasing Office after I completed the computer transaction. This would potentially have made the Lenovo I was looking at (SL series) competitive with the Toshiba. It doesn't really matter-but I figured I'd throw it out there for any Ross people pricing laptops.