Have some dual-core new netbooks at work, not certain exactly what model they are, as well as a Samsung ultraportable with an i3-2357 (so it's not quite the same as that one) and my real-world experience is that the i3 really doesn't perform all that better when it comes to number-crunching. graphics experience is an entirely different thing, though, and yes, i3 with the benefits from Sandy Bridge are definitely superior, but that's hardly a fair comparison, as it's not so much the i3 as it is the sandy bridge heritage of the newer i3s.
Even in CPU benchmarks the previously-mentioned i3 smokes even the new Atoms by 60%.

That's quite a bit...and maybe it's just because it's new, but my friend's 4170 is surprisingly responsive. I was really impressed with the performance even in apps like Photoshop.
Anyway, the Asus laptop you linked to (I didn't see your update) is in a different class than the HP ultra-portable I linked to. The HP is much smaller and lighter, and meant to be away from a power outlet for long periods of time. It's apples and oranges.

Outside of gaming laptops, I've never seen a laptop with that horrible of a battery life (unless the battery is suffering from damage due to negligent charging or heat damage). God, if laptops had a 2-2.5 hour battery life I'd hate them even more than I already do and I quite hate laptops as-is. Too bulky, 3-4 hour battery life isn't good enough, too heavy, not mobile enough, touchpads usually piss me off, tons of junk preinstalled, etc.
Sure, most of them claim 4-5 hours, but usually don't last more than 2-3 real-world. All of our marketing people at work just recently got brand new Dell laptops with 6-cell batteries, and they can't quite make 3 hours on a wireless network despite being rated at 5 hours. I don't think I've ever seen a laptop with a powerful processor get more than 2-3 hours on battery with real usage, and 3 is a stretch. Like I said, I was pretty impressed with the performance of the i3-2367m CPU in a machine that can actually be used for 7+ hours.
I'm not a fan of laptops either. I'll warn my friend about heat. I had the thing on my lap playing Portal 2 for a while and it didn't seem very hot, but he didn't have any monitoring software installed either.