The choice of ULT CPU gives Apple the marketing BS tag line of saving the planet.
They could have easily put a more powerful (+50%) cheaper CPU and cut $100 of the price.
ULT CPUs make sense in a laptop where you want the low power usage, not in a mains powered appliance. :S
Still they'll sell cause it's apple and if you want OSX your stuck with the limited range.
IMO anyone considering this would be better off getting a Mac mini, a VESA mac mini mount and spend the spare £350+ on a decent larger monitor.
We are on the same page - spot on.