Read the new Cnet review for the Dell 700M. Fujitsus are still made in Japan (nearly all other manufacturers contract out their notebooks to China, Taiwan, etc) and many people seem to have a positive experience with Fujitsu.
A word of caution -- many Fujitsu models under $2,000 have integrated or shared video memory (which takes away from system RAM and limits what games or other high end video programs you can run). I did see a loaded Fujitsu model with dedicated video but it was over $2,000.
Dell, HP/Compaq, Toshiba, etc have dedicated RAM options on most of their notebooks (although the lower priced ones near $1,000 have shared video memory also) so pay attention to this.
64mb dedicated video is the highest available on many notebooks but some have a 128mb dedicated video option.
The video card is not upgradeable (soldered to motherboard)easily so make sure you decide what is ok for you before you buy.
Desktops don't have this issue as you can add an ATI or Nvidia video card at anytime if you have the expansion slot.
Fry's Electronics on the West coast stocks many of the Fujitsu models but not many other retail outlets have them (but of course Dell is nearly all internet mail order as well).
Many Fujitsus have the Crystal View LCD now which is very sharp and vibrant (only in XGA). This is similar to Sony Xbrite, Toshiba Trubrite and HP Briteview.
This new type of LCD may make your decision for you so make sure you see one if possible (on Fujitsu, not Dell).
Does anyone know which notebook is better if they are configured to have the same specs? The price isn't really a factor between these 2, I just want to know which is better. Thanks.