You can better get an good notebook, instead buying an cheap one. Because you will be sorry for that and same goes for smartphones, buy you are more lucky anno 2012 as the old high end devices like HTC Desire HD, HTC Sensation ( XE, XL ), HTC Evo 3D sell much cheaper now and also Samsung iGalaxy S2 sells cheaper now.
So when it comes down to smartphones it can be worth to wait awhile and buy when the prices drop, as they will in certain countries and right now in certain countries you have the luck off obtaining an really good smartphone for less then € 300 ( HTC Evo 3D ).
When it comes down to notebooks, waiting awhile doesn't change the price so much at least that's mine observation. Yes you might find an Q4 2011 notebook cheaper then an Q1 2012 notebook, mine notebook was from November 2011 and I bought it new in Januari 2012 with an great discount promotion.
For the amount what an iSuck 4S cost you get an good notebook, okay no SSD but you might be lucky to find an quad core notebook ( I did found an quad core I7 notebook for that amount ).
Cheapest best bang for bucks is right now HTC Evo 3D if you ask me.