I guess I'm one of the people you think have lost their minds. I would, and have, paid that much for a good smart phone. I can carry it around practically anywhere and use it for almost all of my internet, phone, texting, streaming, gaming needs.
Let's walk side by side and you be using your netbook while I use my phone. Guaranteed mine will be more useful and you will look like a moron trying to walk and browse the internet, or whatever you're trying to do on a netbook.
While we're at it, since you seem to dislike technology progression, sell me your car and buy a nice pair of shoes and a bike. You'll save TONS! Good logic you have.