If you want to know why the netbook is headed to the endangered species list, take a look at Gateway’s new ultraportable. The handsome offering with the bland designation “EC 1437u” has power, performance and a small footprint, all for a very reasonable price of $549.99. When the notebook is pulled out in a crowd, its glossy, cherry-red shell is sure to evoke envious questions about its origins. Although larger than most netbooks, the Gateway model is still smaller than a clipboard, albeit thicker and heavier.

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