We have for example this one: http://www.asus.com/Notebooks/Versatile_Performance/K53SM/#overview for about the same price as the Vizio.
We also have this one: http://www.laptopmag.com/review/laptops/acer_aspire_V3-571G-9435.aspx for about the same price as the Vizio (albeit this one is on rebate for the moment, perhaps an unfair comparison).
This one is significantly cheaper than any ultrabook: http://www.fujitsu.com/fts/products/computing/pc/notebooks-tablets/all-round/lifebook-ah531/
Again, I don't disagree that ultrabooks are the future, but I don't think we're there yet. At least not in terms of performance.
I remember a time when a "chicklet keyboard" was a derogatory term, not a marketing feature... lol