This little beauty is a great low-end laptop. At the special price at which I bought it, it was much better value than any competing machine. The hardware is well supported by Linux (provided you use an up-to-date kernel and X server). Hardware components appear to be good quality (e.g. IBM hard drive). Battery life is excellent (3-4 hours on the Li-Ion battery, supports up to two batteries). Trackpad feels smooth, the keys and trackpad buttons feel nice. The display on this model is DSTN (passive) and has a restricted viewing angle but is as good as some TFTs I have seen (most TFTs are significantly better though, including the TFT version of the Armada 1500c). It does not include useless WinModem (or non-winmodem for that matter :) although I understand that a driver is now available for Lucent WinModems - check out http://www.linmodems.org. With a Celeron 366, there is plenty of grunt - I have 64 MB of RAM in this one and it flies. The only negatives are that you have no choice about getting Windows 95 (except to pay extra for NT4 - woo bloody hoo) and that listening to the audio output from the headphone jack one hears all sorts of interesting electronics-type sounds. I really don't care about the Windows problem, because the machine was so cheap (A$2730, with 64 MB RAM, 3 year extended warranty and a case - for US readers, $A1 = 63-65c US at the time of purchase, August 14th 1999). The sound problem I can live with quite happily, since most of the time I use the built-in speakers, and the rest of the time I can just turn the sound down.
Compared to its competitors, it had a much better screen than the nearest Acer (which had a piddling little 8 inch display) and has a far superior battery life compared to the Highlander series (which look like crap anyway, and are advertised deceptively. A machine with a 1-hour battery life is *not* a notebook, it is a doorstop).
In short, it rocks, and most importantly, it rocks under Linux.