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There’s good new and bad news for anyone who has been waiting for Lenovo to bring the Ideapad U150 to US shores. The good news is that you can order it starting today. The bad news is the US version of the IdeaPad U150 seems overpriced when compared with similar thin and light laptops from Asus and Acer.

For $699, you can get the 11.6 inch laptop with a dual core 1.3GHz Intel Pentium SU4100 CULV processor, Intel X4500 graphics, Windows 7 Home Premium 64-bit, 3G of RAM, a 250GB hard drie, and 6 cell battery. Or you could pick up an Acer Aspire 1810TZ with nearly identical specs for $550.

Lenovo also has an $849 model with a dual core Intel Core 2 Duo SU7300 processor, 4GB of RAM, a 320Gb hard drive, and a 6 cell battery. This model also supports 802.11a/b/g/n WiFi while the cheaper model is 802.11b/g only. But $849 seems like a lot of money for a computer with a Consumer Ultra Low Voltage processor, especially when the Acer Aspire 1810T is available with virtually identical specs for $600.

Last month Laptop Magazine reported that the U150 would be available for $585 and up. Either that information was incorrect, or Lenovo may offer a price drop or a different configuration at a lower price in the future.