Is this a good deal for the new Macbook?

I have a school discount right now to get the 2.4 GHz Aluminum Macbook for $1349. After getting AppleCare and taxes, the final price is close to $1666. I've never bought a Mac before and I was going to give my current laptop to my mom. I'm just paranoid that the price is still too much. I know Macs are generally overpriced but I want something new, nice, and good.