Am after an i5 processor touch screen, is this a good deal or is there similar cheaper ouy there.
I've just noticed Lenovo are offering their Thinkpad Edge E540 Touch for the same price. The i3-4000M it comes with is a similar speed to the i5-4200U but has faster integrated graphics and it's likely to have better build quality than a budget Acer. (It may have significantly longer battery life too, it can be hard to tell from manufacturer quotes).
As for recommendations generally, what are your priorities? Processing power? Screen quality? Battery life? Longevity?