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We're not sure why Gateway's waited so long to release the details and pricing on the LT32 -- considering it's pretty much a rebadge of the Acer Aspire One 721 we just reviewed -- but lo and behold the HD-capable, 11.6-inch ultraportable will be hitting the street soon for $450. Just like the $430 Aspire One 721, the LT32 is powered by AMD's 1.7GHz Athlon II Neo K125 CPU, runs Windows 7 Home Premium, and packs a 250GB hard drive and 2GB of RAM. It also has ATI Radeon HD 4225 integrated graphics, which as we saw on the recent Acers handles 1080p flash and local video like a champ. From the looks of things the LT32 also seems to have a similar chassis to the 721, so we're not totally sure why you'd choose it over the Acer when it's $20 more, but perhaps there's just some Gateway diehards amongst us. Hit the break for the full release.