The laptop we get for business school:

ThinkPad T40

P 4 - 1.5GHz
512MB RAM
40GB 5400rpm HDD
14.1 XGA(1024x768) TFT LCD
32MB ATI Radeon 7500
16x10x24x/8x CD-RW/DVD (slim)
Modem(CDC)
Ethernet(LOM)
Intel 802.11b Wireless(MPCI)
Secure Chip(TCPA)
6 cell battery
WinXP Pro

I'm gonna have to change a few things like the HDD (40GB to 60GB 7200) and video card (64 MB video card and hopefully a Ti) but... WOOHOO!!!!!!!!