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For £300 you'll get something perfectly usable, this for instance http://www.pcworld.co.uk/gbuk/computing/laptops/laptops/lenovo-g50-15-6-laptop-silver-10137557-pdt.html which will probably have better battery life and look nicer.
It won't be as powerful though and probably won't feel as sturdy as a reconditioned expensive laptop.
Depends what you value, obviously getting something new is nice.
That nipple is bloody crap though (except the X220 has a trackpad and nipple so I have the nipple set up as a scrollwheel).
ok thanks. I might have to negotiate with Mrs. E before buying reconditioned: some of the
crapcollectable items sold to fund the next machine were hers.