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Netbook vs notebook

Netbook:
Relatively inexpensive
Small
Weak - but good enough for basic things

Notebook:
Somewhat Inexpensive to extremely expensive
Relatively small to large
Modest performance up to as powerful as desktop (to a certain degree)
 
I'd personally take a notebook, or an ultrabook, although most have low-wattage CPUs. Why a notebook? Better screen resolution, capable of doing more, netbooks are getting outdated and not worth the money, lower end notebooks cost around the same as a netbook, but can game casually, watch videos, etc.
Ultrabooks can have the screen size of a notebook, but are lighter and slimmer. Unfortunately, they are usually expensive. If you really want a netbook, you should definitely go with the AMD fusion ones, as they outperform the Atoms in terms of light gaming, etc.