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The 12.1in HP Pavilion dv2 is the first laptop to sport the now snappily titled "platform for ultrathin notebooks", which comprises the new Neo MV-40 processor and the discrete ATI Mobility Radeon HD3410 graphics.

The ultraportable laptop elevates itself out of netbook territory with 64-bit Vista

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Home Premium, up to 4GB of RAM and an 8x DVD-rewriter, which can be upgraded to an external Blu-ray drive. Whether anyone would be able to tell the difference between a standard DVD and Blu-ray movie on a 12.in screen is debatable, however.

The dv2 includes other luxurious touches, such as a light magnesium-alloy casing with choice of internal finish, a profile of less than 1in and hard drive options all the way up to 500GB.

The dv2 also sports the same keyboard as HP's new business-oriented netbook, which the company claims is 92% the size of a standard QWERTY keyboard.

Premium models of the dv2 will start from $899 in March, with base models kicking off at $699. UK pricing and availability have yet to be confirmed.