Macworld:

The price of buying an iMac just went down. But is a 15 percent lower price worth a 50 percent lower performance rating?

The new $1099 iMac was slower across the board, and 54 percent slower overall, than the $1299 21.5-inch system.

This is definitely the iMac for the (very) casual user but I don’t know about “value for the money”. The specs make it seem awfully anemic.