As to the time to shop, I'll agree. This is the season I try not to... I wait till Jan or Feb...
As to the HP or Compaq, the units may be very close but I liked the feel of the HP keyboard so it would be worth 60 bucks for that alone. Go try it.
bob
Any intangibles that I should consider? From what i've researched, both are very similar. Watching DVD's isn't one of my priorities and the Compaq is slightly cheaper for similar specs ($1260 vs $1200).
Also, where's all these discounts I've been reading about on the forums for HP/Compaq? It seems I'm shopping for a notebook at the wrong time.

Chowhound
Comic Vine
GameFAQs
GameSpot
Giant Bomb
TechRepublic