I have a Dell Latitude C610 (I think). PIII-IgHz, 512MB RAM, 20GIG HD, and CD-RW.
It's relatively new, and so far has spent most of its time docked.
It has both the eraser and the touchpad. I hate the touchpad and have it disabled. My unique style of typing is always brushing against it, so the eraser pointer is much better. Granted, I usually travel with a mouse in my bag anyway.
It's a lot better than my last Dell which was a CPx 400 or something like that.
I love the fact that it has internal phone and ethernet ports, and I don't have to bother with a network or modem card (granted, I do have a wireless card for when I want to surf from the backyard).
My company pretty much exclusively uses Dell laptops.