Gateway laptops are funny products. Of the two mainstream lines available, the "budget" NV series and the "higher-end" ID series, neither one currently has a single model that tops $699. So, in that sense, both are budget lines. The Gateway ID is the slicker, more polished-looking product and a significantly thinner laptop with a 14-inch display, more closely matching what most people consider to be easily portable.
Still, $699 isn't necessarily "budget" to everyone, which is why we wish Gateway had shaved an extra $100 off the ID47H02u's MSRP. That being said, there's a strong chance you'll see this laptop offered for less online. There's a lot of competition in the $700 range of the 13- and 14-inch laptop market--more than you'd think--but Gateway's ID47H02u is a very good entry in the category, and one worth considering.