"Far worse" hardware is a bit much, no? The new ones are more likely to be an incremental improvement.
If you can handle the size the 17" MBP remains one of the best notebooks in the world. The 1920x1200 display is spectacular.
I love the 17", I just won't buy one because I need my notebook to be more portable than that. 15" is the biggest I can deal with.
I know exactly what you mean. I love all those UltraPortables that have appeared over the years but I just can't working on the low resolution. It'll be great if Apple could cram in a high resolution display on the popular 15", perhaps make it a BTO option?