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One of my coworkers just
One of my coworkers just bought a like new laptop off Craig's list for $400. It's not as nice as the one you're considering, but it's an excellent laptop for basic computing. You pay a lot for the VAIO name. I would suggest shying away from Sony unless you really do want the name.
As Mintz said, unless you really want portability, I would go with a PC. You can build a desktop PC more powerful than that laptop for about half the price of that laptop, and it'll be upgradeable later.
Just to make sure you heard Slayer and Mintz...you do realize that you could buy a car with $1400, right? Cars can take you places, like on dates.