The Toshiba has (possibly) the best touchpad in the netbook segment, the WORST speakers in the netbook segment, doesn't offer multi-touch and does not have recovery CDs in the box.
On the other hand, the 1005HA offers just about anything one could possibly want - inside and outside the box.

As mentioned in the first post of this thread, the 1005HA (1000HE) is the most balanced approach. However, if you value looks more than anything else, the Toshiba is #1. It's awfully close and after trying almost 15 netbooks in the past few days, I can confidently say that either one would be a great purchase but with that logic, you might be waiting forever since ARM and AMD could probably release an even better low cost proc next year.

Most of the world is still awaiting Ion. The only models that I am aware of are the Sammy N510 (Ion LE NOT DX10 ION) and Lenovo's 12" S12. My advice is this - if you want to buy a netbook, buy one with Atom N280 + GMA950 (or GN40 if you can find one for cheap). Ion LE is the screwed up version of the regular Ion and is expected to cost at least 30k in India which doesnt make any sense for a single core processor based laptop. Otherwise, wait for Pinetrail to launch in Q4 this year and buy the next gen netbooks.
Btw, Ion wont make any difference to your graphical abilities since - 1. the CPU is too slow anyway to play anything that was not made in the Jurassic era and 2. flash videos on websites like vimeo, hulu etc. that are a sore point for netbook owners right now won't look any better on Ion books since flash decoding is done by the CPU and not the GPU.