Yeah I'm going to be getting a m1330 too myself for school this fall but I'm waiting until Dell refreshes it with Centrino 2. It'll have faster and lower power consuming processors along with the possibility of hybrid graphics (onboard + dedicated).
If you must buy it now, DO NOT get the 8400M GS. It has a known manufacturing defect making it run hotter than it should and thus prematurely dying. The work-around is increasing the fan speeds thus your battery life will suffer (might be noisy too). I really don't understand why Dell is still offering it but I guess they need to move all the old stock.
__________________ Xeon Quad X3350 | 3.40GHz (Damn X38 chipset)
ASUS Maximus Formula | BIOS 1302
2GB Corsair Dominator | 850MHz 4-4-4-12-2T 2GB OCZ Platinum Rev2 | 850MHz 4-4-4-12-2T Crossfire: HIS ICEQ4 Turbo HD4850 @ 690/1190 + Diamond HD4850 @ 660/1100
X-Fi XtremeMusic
Antec TruePower Quattro 850W
Antec 900
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