Don't be dense, Citigroup just announced almost $10 Billion loss (more than 99.9% of us will see in 10 lifetimes), a large dividend cut and layoffs abound. Retail sales unexpectedly dropped for the first time since 2002. Apple's stock is not trading in a bubble, it's falling because of this news and not the product announcement.
The Macbook air is trash... so let me get this straight, I pay an 80% premium for a 40% reduction in processor speed, 50% reduction in processor cache, 20% reduction in Hard drive speed, so I can add a gig of ram, shave a quarter of an inch in width and 2 lbs? Not to mention the fact that I need to pay extra for an ethernet jack. Still need a laptop case since it's still too wide.
1 USB jack. What if I need to use the wired ethernet, CD drive, USB key and sync my ipod at the same time? I can't? Kind of defeats the point of dual core, multiprocessing power doesn't it? An external USB hub dongle kind of defeats the point of the portability aspects especially since some devices will require a powered hub...
Wireless USB would be nice... oh wait, not there either.
Here's what they should have done... Take the Powerbook 12". Take the DVD drive out. Add 1.33 Ghz ULV core 2 duo, 2 GB ram, 80 gig HD w/ SSD option and an express card slot. Probably could shrink the case .1" or so. Still charge $1799.
The Airport Extreme refresh looks great, ipod touch enhancements are awsome, Apple TV w/ movie rentals should do well (may put blockbuster out of business in 5 years, not netflix).
Macbook Air freakin' blows.