I would not call it an ultrabook, or close to it, but the price is good for it as a laptop.
I think too many people are caught but in the entire "ultrabook" designation.
Ultrabook is a Intel marketing gimmick...nothing more.
Same as when we all got caught up with the "netbook" thing when it was just a bare bones laptop.
This is a sub 5 lbs laptop with good specs & good brand quality.