I picked up this version of the Acer E11 recently and have been quite pleased with it so far. Not the fastest thing, but fast enough. It only needed a few tweaks. I installed Classic Shell so I don't have to deal with the Start screen and I found that the touchpad seems to work better after I uninstalled the Synaptics driver.
One of the things I really like about it is that it's upgradeable. None of this RAM and storage soldered to the system board business. It takes a standard, 7mm thick, 2.5" drive and has a single standard memory slot. And installing upgrades isn't a chose because it's quite easy to open up. Take all the screws off the bottom cover, it pops off rather easily, and most everything is right there. Another nice point is that it's fanless. Also, it comes with the 64-bit version of Windows 8.1 so upgrading the RAM beyond 3 GB doesn't mean an OS change. Speaking of the OS, it looks like it might take Linux without a lot of fuss. The BIOS can be switched from UEFI to legacy mode if you want, and a test run with a Linux Mint 17 live CD went well and all of the hardware seemed functional.
All in all it's quite nice given the price. No, it doesn't have an IPS screen but it's a good one considering it's a $200 laptop. The keyboard is fine. The touchpad is alright too. Not the best, but functional. Battery life is a little on the short side at about 5 hours, but did I mention it's a $200 laptop? The only change I really needed to make was to replace the stock 2 GB card with an 8 GB one. Running Windows on 2 GB is an exercise in patience, and I ran out of patience.