If you have ever tried looking for a Full HD laptop with an IPS screen you will realise what a great deal this is. Most laptops have useless screens that fade out or invert colours when you tilt them. IPS doesn't do that. It's sharp and colour accurate from any angle.
On top of that, it's not just the usual 1366x768... it's FULL HD! 1920x1080! 1080p!!!
The CPU scores a usable 1475 on cpubenchmark, which is better than the older celerons that score under 1000. For comparison, an i3 will score 2500+.
It's only got 32GB solid state storage (eMMC), but there's a hard drive bay to expand! Even with an eMMC (a cheaper version of an SSD) the CPU won't feel so slow, booting up and launching apps will be quicker than an i5 with an old spinning hard drive!