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hey kel,
i bought a 12" 700 mhz ibook from frys for $500 and it runs panther fine, it only had 128MB with a 18 GB disk and it was still fine, i have to admit to being very impressed with apple *cough* netbsd folks
i added 512MB more ram to max it at 640 (I believe) stuck in an airport card and a 80GB hard disk i'm pretty happy with it overall, battery life is great at about 4 hours.
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