Sir:
There is a new processor enhancement and revision every six months. Even if we wait for the Llano fusion processors, the next generation in 6 months will be much better.
The Holy Grail for Laptops is doing gaming. If gaming is not an issue, nothing wrong in getting the amd e-350 now. For those who like gaming - the best is still getting console games such as the PS3. The PC is more of a niche market now for gaming due to piracy (very few PC titles are making money now).
I myself got an atom based netbook last year primarily for web surfing and skype. Even with the amd e-350 now, it doesnt change the usability of the crappy netbook I got. For my use, the netbook is much better than an Ipad. I think the third generation of the fusion chip is the one to get for light gaming. The generation after the replacement of the amd e-350 arrives.
I personally think that notebooks make horrible platforms for gaming (aside from maybe flash or java games). Not only do they have slower components, but they have a small screen, a cramped keyboard, and a touchpad. Putting external I/O devices to compensate for this pretty much kills a notebook's advantage in the first place. There are full fledged gaming notebooks out there with power-hungry components, a large screen, and huge batteries (yup some of them can be rigged with 2 or more). However, I still find the ergonomics awkward, plus a good desktop will still perform better.
This is why I prefer my notebooks portable and usable (good size/weight, good battery life, near full-size keyboard), and my desktops capable and up-to-date (powerful enough to run whatever I'd need to do).
I agree that there is a wider variety of console games out there. However, a good PC game will run circles around the PS3 version in terms of graphics, audio and overall complexity. Current PC hardware (or even not-so-current ones) is just so much more capable than PS3 hardware. Consoles are just more convenient, as there are fewer things to go wrong. The interface is cleaner, and you know that a PS3 game will run in your PS3 (no need to think about hardware requirements, or keep upgrading every year to stay up-to-date).
Back to the topic: I still think that the E350 is a step forward. This level of integration makes it cheaper for us to buy portable notebooks/netbooks with some video capability. It's truly a step ahead of the Atom. If the next variant gives us more computing capability without bloating the power requirements, then that'd be a welcome addition to their lineup.
Just my tuppence worth.