Bob - the link doesn't work so I can't see the specs. Sometimes long links get truncated. Post the model#
32 bit is OK
Generally not a fan of the cheap Toshiba laptops
If you are near Boston / Cambrdige - the only "deal" i see is at Microcenter:
Acer 15.6" Notebook $299.99 - Store pickup only - SlickDeals.net Forums
$299 - its marginal but its cheap.
Office 2007 Home and Student Word, Excel, PPT, --- No Outlook --- 3 computers for $130:
Newegg.com - Microsoft Office Home and Student 2007 Licensed for 3 PCs - Business & Finance