Agreed. It makes perfect sense to spend over twice as much because it has an IBM logo on it.
Uh... IBM adds WAY more stuff in the BIOS, twice as many ports, and they have all the drivers, schematics, updates, and everything all in one spot organized properly. Oh and the cases are just awesome (I was glad when they had little drive rails snapped in there so you could stick them on FDDs or HDDs and slide them into empty bays).
That thing definitely isn't a Dell. I recognize the logo on the case as being some manufacturer of small form factor cases (cant remember the name), and it's definitely a custom/small company made machine.
Not too bad for $65 though.

It kind of looked like a dell logo to me at first, maybe not? We'll just have to see when C.L.I.B. gets it. It does have the same amount of characters as the dell logo, and the first letter does look like a D.