For a typical 15" laptop, 5 hours isn't horrible -- it's actually better than average.
Even most Ultrabooks only have battery life of 6-8 hours -- with a few hitting 10 hours, but generally those are models that are a bit heavier than true Ultrabooks (i.e. oversized batteries).
What is horrible about this unit is the processor -- which is probably part of why the battery life is better than average.
The E-300 is basically a Netbook level processor with performance very similar to the Intel Atom N570. Or, for comparison, another dual core part, the venerable Core Duo T2050 that was introduced in early 2006 benchmarks slightly BETTER than the E-300 does...
When I seen the OPs post it showed sold out, I kept refreshing and it finally let me ordered, got 1 for $216 shipped, one of my friends needed a basic laptop for his sister and now they don't have to wait in line at WM/BB or try to get theirs online. Thanks OP.
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You'll be fine. Even if you are streaming videos. Most of the 'slowness' comes from the network.
Don't bet on that -- Flash Video is notoriously power hungry in terms of CPU cycles and so are other codec.
As long as everything you are playing can be accelerated by the GPU, you should be ok -- but if the codec you are using doesn't have GPU acceleration enabled, you are going to be skipping frames majorly.
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