It has all the functionality of the name brands, yet none of the frills (and accompanying price). This is a solid computer.
Great picture. Great sound. The built-in webcam is clear and simple to use.
You should upgrade 1GB to 2GB of RAM. I did that, and have no complaints now.
You will have to install your own software. This is not too hard though.
This is a great computer, and for the price, it is a steal. I am surprised more people don't use Acer!