Why is the new iMac $999? Because it's the one from the "Apple Education Store" they recently stopped selling to individuals.

Intel GMA 950 graphics with 64MB of shared memory

Yep, back into the retail "channel" it goes. Now we've got a complete line of video options on the iMac, from no real video card to [reportedly] an upgradable one.

So though I've told some that I'd recommend this iMac to anyone with a copy of Windows for their next computer, I wouldn't any more. Intel integrated video means creeeeappy for games (though not a problem for OS X only users), and the built-in monitor sure isn't worth $400. Buy a Mac Mini if you want OS X, a MacBook if you want a portable, and buy an off-brand Alienware equivalent with an SLI motherboard and a dedicated video card if you game. Not that anyone cares, but I'm right, dang it.