A netbook = some low-end machine typically well under $500.
An ultraportable = a high end machine of small size, usually carrying a price premium.
Yeah, sorry Peter, but I think that's the most often agreed upon definition of Netbook. I suppose that you could call netbooks a subset of ultraportables (because they are indeed very portable), but I think the industry, press, and general public consider a netbook to be both small and inexpensive.
And Tom, I don't think it's anything beyond that, even defining a specific CPU. It's just that the vast majority of netbooks happen to have an Atom in them, for good or for bad. Netbooks are simply small and cheap. Bruno, I'd even lower that price point to $400, possibly $350 (that's for the base, though, you can always get more expensive models).
I don't have a problem with the Air, and I think it's a well-built machine. I do think, though, that it's very expensive, and the use-cases for a computer like the Air sound to me like cases in which you could get by with a standard netbook. There are so many these days that make good Hackintoshes anyway.
But that's partly my own mindset. I've never been a big laptop fan, because I've always been wary of spending so much money on something that's infinitely more susceptible to damage than a desktop. That's half the reason I bought a netbook - if I'm not going to do heavy-duty work on it, I might as well get the cheapest computer I can, and when/if it breaks I won't feel like I've lost that much money
