I have an Asus netbook i picked up from mem express this christmas. They are excellent and the longevity of the battery is an excellent feature.
Portable USB's have come a long way and will hold a few movies, more than enough for a lengthy flight or layover anywhere.
If you're happy with a smaller screen and reduced processing power, I'd highly recommend a netbook. I love mine - it's easy to haul around anywhere and does a fantastic job with most tasks.
I picked this little guy up for sale for around 270$ so I'm sure you can find something worthwhile for around 300 dollars.
Best of luck finding something suitable, netbooks get a big thumbs up from me.
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