This is smoking! I recently bought this same model off eBay for $1200 shipped. I can't believe they have it for this price!
NOTE, the graphics card is NOT a Radeon 7500. It's the previous version of the Mobility Radeon.
For your info, this model (470026-699) has an SXGA+ screen, and it's beautiful! Battery life is four hours for me: outstanding! 256MB RAM has also proven sufficient thus far. I do lots of Photoshop, and I've been pleasantly suprised with the performance. Three year international warranty from Compaq is great, too. Support for business products is top notch (unlike consumer line support). My keyboard needed to be replaced on my n600c due to a defective space bar. I was on hold with Compaq for about 2 minutes, then after 5 minutes speaking with a CSR, my keyboard was on the way. It arrived the next day.
You guys better jump on this fast. I think this is an error (or I dunno WTH they are thinking). They are selling other models (including lower end ones) for $2250. It doesn't make sense.
Any other questions about the laptop, feel free to post them, and I'd be happy to answer them. If you are serious about weight/size, but still want a very powerful laptop, this is your best choice for the money. Unless you need firewire and/or USB 2.0... I've done all the research.