The P34G weighs about as much as my old laptop did but has an excellent 14" 1920x1080p screen. That's a big step up from the X201's grainy-but-capacitive-touch 12.1" 1280x800px screen:
And while 1920x1080 is sometimes too high a resolution for this size of screen, the LCD panel itself is gorgeous and has excellent colour reproduction:
Importantly, the P34G is powerful. Mine is configured with an Intel Core i7-4700HQ processor, 16GB of RAM, a 256GB SSD, and an NVIDIA GeForce GTX 760M graphics card. In fact, it's more than twice as powerful as my old laptop:
It's also very thin so it fits really easily in my Crumpler Dry Red No. 5 backpack's slim laptop pocket:
The best part? It costs half of what the X201 did :)
But Some Corners Were Cut
To fit all that technical goodness into a low cost, thin-and-light package you have to make some sacrifices. Thus the P34G doesn't have the best build quality (mine already has a tiny cosmetic crack in the plastic keyboard housing) and a sub-par soundcard. Actually, the soundcard itself might be okay but it's not tweaked and configured to sound as good as it should. For an audiophile like me, this is a problem. However that problem is easily remedied by bypassing the laptop's on-board hardware and using an external USB soundcard. I now use the iBasso D-Zero DAC and headphone amp which is small, cheap, and easily transportable but still sounds really good.
Still Worth It
On balance, though, this is a fantastic laptop and I am really happy I bought it.
So, if you're in the market for a thin-and-light family laptop with an excellent screen and discrete graphics card, I would highly recommend the Gigabyte P34G.