I have the mid 2011 base model iMac. For those who are not familiar with the history of the iMac line, here's the specs. Sandy Core i5 @ 2.5Ghz QUAD 4GB DDR3@1333 RAM AMD Radeon HD 6750 500GB 7200RPM HDD 1080p 21.5" Display Superdrive Thunderbolt Cost: $1299 in Australia Now the current base model iMac is new. Yet it's actually more expensive, and slower than my 3 year old iMac. Haswell Core i5 @ 1.4Ghz DUAL 8GB DDR3@1600 Intel HD Graphics 5000 500GB 5400RPM HDD 1080p 21.5" Display Thunderbolt 2 USB 3.0 Cost $1349 in Australia From the comparison, it's clear to see that the new iMac is not only more expensive, but slower in the following areas: CPU, GPU, HDD. It also lacks a superdrive, which contrary to popular opinion, I still use regularly. The only thing it truly beats the old model in is RAM, which I've upgraded to 12GB on mine anyway for less than $100 (which brings it close to the latest model's price). -- The next step up from the modern base model is still only marginally faster. Here's the breakdown. $1599 price 0.2Ghz faster CPU, good thing it's a quad, and of course haswell is more efficient than sandy meaning it's probably around x1.25 faster. Same 8GB RAM as base model, cannot be upgraded easily 1TB HDD - yet still 5400RPM, so it's slower than my proper 7200RPM drive Iris Pro graphics actually performs similarly to 6750M in my iMac (correct me on this if I'm wrong, because there's not much info on the Iris Pro graphics. my research lead me to believe that they perform similarly though). -- WHERE DID APPLE GO WRONG???