I hate to stop a good rant Steve but this is a quad core (i.e. 4) CPU model and it's a business PC, not aimed at consumers so most of your comments are invalid:
a) Businesses re-claim the VAT so the price is more like £380
b) You are buying the piece of mind that it's HP and comes with world-class support and backup not overclocked CPU/GPU bits..
c) The speed of the "integrated" graphics card is irreverent to the businesses this model is aimed at. Both the 2500 and 3000 are laughable for gamers.
d) Just how much RAM/HD space do you think an entry level business PC needs ?!
You had your say, this is mine...