What about the Dell Axim X51 416Mhz?

The Axim line is almost always the cheapest compared to models from other manufacturers with similar specs, and overall are very reliable. The X51 low lacks WiFi, but the 416MHz processor is more than adequate (312MHz is the requirement for most higher-end apps), 128MB of ROM is pretty good, and it runs the latest version of Windows Mobile (which includes poecket versions of Word, Excel, and Powerpoint). At $254 (on sale here in the US) you won't find a better deal in the same range.

However, like I told another member yesterday, the microphone is not condusive to recording leactures, as it's intended for short voice memos. For recording lectures, you can try it, but your best bet is to purchase a voice recorder. (You can pick up a pretty good digital one for ~$60.) Aside from that, cons do not have a major presence, though the lack of WiFi is something you may want to consider if you wish to connect to the internet wirelessly.

Hope this helps,
John


P.S. If you have any other questions or need software recommendations, just hollar.