My laptop is from 2005, but it was a power monster back then (whilst still being a true laptop, and not some desktop processor powered lapheater), over years I’ve fed it more ram, and recently bought it a newer CPU, was about 1.6ghz 256mb L2 single core 64bit, now 2.4gjz 2mb L2 single core 64bit with 4gb of fasted ram MB will support, happily running windows 7 ultimate, CS5 and LR3.2 all day long alongside a chrome browswer with a minimum of 10tabs open at any one time. Also has a dedicated 256mb onboard graphics card from factory (which makes a huge difference over more onboard efforts).
Only thing thats ever failed was motherboard! Thankfully it coincided with HP disposing of their legacy spares and I got the next mobo up for £15 delivered from a disposal company rather than the £180-200 they normally cost.
I call that good value, and it does everything I (and most others lol) would ever want. laptop was prob £700 in 2005, and I’ve maybe spent £150 since (inc a new genuine battery last year), and its still not a bad machine, not current, but not bad.