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Depends on what you want. Just want a capable machine for doing some web surfing, some Flash games, watching some Youtube or Netflix? You can build that with off-the-shelf parts at Microcenter for $215 (no monitor, keyboard, mouse).
Contrary to other posters I don't like to buy my parts online. If something isn't working I don't want to have to pay to ship it back and Microcenter's prices are generally within 5% of the reputable online dealers.
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