I went with the VoomPC2 from mini-box, whacked a stick of ram, 120gb 2.5" HDD and a slim DVD burner, total cost including shipping and the items I bought locally (just to finish the box off, doesn't include monitor and peripherals) was AU$554. Pretty damn fair price for a fully thought out solution, you couldn't put something together here for that price using the same components and it is so tremendously smaller than what I came up with using old desktop components!
Had a closer look at that M70MN from Porares and the lcd specs appear to be indentical to the Lilliput screen with out the motorisation. It is also smaller than the Xenarc 700IDT which is a big plus. Am going to give the Porares screen a go