Don't really see the point in 14" laptops, it seems they're a dying breed.
Usually if you want portability you go 13.3" or less, 15-15.4" for true versatility (especially since they're less hefty than previous gen 15 inchers), and 17" for a desktop replacement/ultimate gaming laptop.
This laptop is actually listed as being a little thicker than the e1505 (1.5" vs. 1.44" IIRC, I guess because they cram more components into a smaller case), and the difference in weight is probably negligable.
So you basically wind up paying about the same as the e1505 but get less features, and probably a more cluttered screen.