It's a netbook... right after they said netbooks are just a passing fad that would fall in favor of tablets.
Yes, it's a netbook. It may be more powerful than an average netbook, but that's not what defines a netbook vs laptop. I can build a laptop with a bigger/better screen and more features than my desktop. I can even set it on my desk top, and it's still a laptop, not a desktop. No matter what processor or how much memory they put into a netbook, it's still a netbook. I'm sure they'll give it some other name, just to save face from their stupidity, but oh well.
Personally I think that cramming all that power into something that small is simply not going to find a successful market... save for the Apple fanboys who don't really know much about computers, of course.