I'm totally with qhn on this. If you are looking for, want or need tablet capability, then great, but otherwise, you can spend less and get more with other models. To get that capability on one hand, on the other, you are settling for a lower-class CPU (not that it is "bad"), memory, and graphics chip for the given price.
Now, it certainly is a very small, light notebook, and if that is also a priority for you, understandable. My wife has a "thin and light" type notebook with a 12.1" screen, and it is a pleasure to "schlepp" around! However, once at the house, I much prefer the screen real-estate that my 15.4" screen affords me.
So, it really is a matter of "usage" more than anything else, right?
I do bring my notebook to the office, but it is an easy drive, not a lot of carrying involved, and when I am at my desk typing up applications, the decent-sized screen becomes a blessing...
If I were actually carrying a notebook around with me on foot, I might well decide that a smaller/lighter form factor, such as a 12.1" screen model would be better for the task.