that's exactly what I thought once I saw the specs (they're not even mentioned accurately on their website..)
Apple just lost 10 respect points from me
I think the only reason they put "Designed In California" is to wear off some of people's shock when they see "Made In China." Who cares about where it's designed? Does it really matter if it's designed in a wealthy mansion off the Bahamas or a rusty old shack beside Brazil?
BUT...
Buying Apple is the only way to get Mac OS X without building a Hackintosh