$329 Laptop - Did I Get What I Paid For?

I was very happy with the out-of-box experience with our $329 Toshiba laptop. But then the video display went bust 8 weeks later--under warranty, fortunately, but we are without the machine for 2 weeks. Of course we are also left wondering about its overall quality. After all, the previous cheap laptop I bought experienced a motherboard failure at 6 months, and went on to be a big disappointment: overheating--due to poor fan placement I think; losing keycaps; and experiencing a hinge crack (for no obvious reason).

My philosophy has been that, with the occasional exception of very off-brands, the durability of laptops is not correlated to the price. I know, though, others of the "you always get what you pay for" school of thought feel differently. Now I have to wonder a little bit...