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I know there has recently been a lot of discussion about upgrading their Thinkpad 701. I have a question related to the cost effectiveness of upgrading laptops in general. I have noticed that many people, including some on this list, seem to be enthralled with buying the newest and unfortunately, most expensive laptops. (Note: I am not making any value judgements!!!) I am just wondering if this is necessary and what is the rationale behind doing so. For example, is it really worth it to spend $1000 to $2000 more for a P166MMX machine vs. a P133 machine? Consequently, it also seems like a good many people want to upgrade their computer because they are unwilling to part with their computer which had originally bought at such a high price which has now greatly depreciated. Why not prevent oneself from falling into the upgrade temptation by buying a lower end model. I've gone through quite a few computers in the past couple of years. My strategy has always been to buy a lower end model at a bargain price, use it for a while, and then part with it at a minimal or no loss.