bootup times change from being the slowest in the portable macs (around 88seconds) to being the quickest (<50sec). It'll open up apps faster, it will transfer data faster.
The SSD is slightly faster than a 7200rpm, and I mean slightly since its only the burst speed that makes SSD so quick. After the 7200 spins up, it's relatively quick. In terms of battery life, I don't think the SSD makes much of a difference to the 4200rpm inside the air, because the SSD is always on and reduces the advantage of consuming less battery.
I'd love to get the SSD if it weren't $500. $200 would've been a great pricing point, but that won't come around for another year. My suggestion is to get the HDD and swap it out later on. $500 has ridiculous premium written all over it.
Also, I prefer getting the lower clock speed chip, the 1.6, because of the sense that a lower clocked chip would produce less heat and require less voltages. Now this may be an incorrect speculation if the 1.86 chip draws less. Your #1 enemy when getting the macbook air rev B is going to be heat. Heat will still pour out like a volcano underneath your f1-5 keys, where the cpu is located. Knowing this, I intentionally bought the 1.6. It still gets hot. Even after reapplying thermal paste with arctic silver 5 and undervolting with coolbooks. At least with the AS5 and Coolbooks I don't get stuttering HD.
My suggestion: For macbook air rev B, unless you're going to keep your air on a coolpad all its life and have money to wipe ur ass with, then stick to 1.6/HDD.
I have a Western Digital 7200 rpm HDD in my 2.4 GHz Unibody MB. The 7200 cannot touch the SSD of the rev B MBA. The difference between an SSD (SATA as in rev B MBA) and the 7200 rpm HDD are unbelievable. It really really makes a BIG difference. The difference makes up for a slightly slower clock speed CPU and then some. Also, the MBA's CPU has 6 MB L2 cache vs the MB's 3 MB L2 cache. I will take the 1.86 GHz MBA cpu over the 2.4 GHz MB cpu...
I highly recommend the 1.86 GHz with SSD rev B MBA. My rev B MBA boots in less than 30 seconds (I think around 25 sec). Applications open instantly. Large files open really fast. The CPU is an excellent chip even if it is slightly slower than the CPU in the MB.
I personally do NOT understand how ANYBODY could possibly believe that the SSD in the rev B MBA is not leaps and bounds better than the 4200 rpm HDD. SERIOUSLY??? Maybe for you the $500 isn't worth it as a value... BUT, I think the xBench marks alone show the value of SSD. Set aside the 60 second faster boot, instant tasks versus waiting for a HDD, and etc.
My rev B MBA doesn't get hot at all. It definitely doesn't overheat. It doesn't have problems. It is absolutely perfect in every way. Whether I want to do intensive tasks, watch video, or whatever it always does the job!
I think SSD makes a HUGE difference, and if you don't believe me go check out the stats on xBench.com. HUGE performance and speed gains by the SSD. That is not subjective, it's fact.
As a real world everyday user, the MBA with SSD makes the MBA feel like a real performer. I wouldn't want to sit and wait for the HDD to spin all of the time. I use my rev B MBA as a primary computer. It does everything I need it to do, quickly.
My experience has been the opposite. In all stores (4+) where I have tried watching HD video on a 1.6 and 1.8 MBA the 1.6 always gets hotter so from that angle it was a factor to push me in the SSD direction. Will let you know how mine turned out after I have got mine from Amazon.