Here Here. If you tweak the Dell options to be as close as possible to the specs of the cheapest Macbook, it is $1831. And the Macbook has quite a lot more screen "real estate". But I am thinking ictiosapiens was asking if the same specs could be "fit" into a 12.1" package like the Dell - I'm thinking if Dell can do it there's no reason why Apple can't. And eventually they probably will, IMHO. But by base comparison of the hardware specs and inclusions alone, the 1.83 Macbook IS better value for only $1099!
And that's not taking into account the value of the OS - because that's relative and more personal...relatively (and of course personally) speaking, I wouldn't even wipe my a** with windows given the choice!

Sadly I have to use it for work everyday. I far prefer OSX on my G4 at home...