Depends on your priorities I suppose. Tablets are becoming a viable choice, and I predict that by the Christmas season this year they'll get especially competitive pricing-wise. But they're not the greatest thing for working on papers and typing on, although typically you can plug USB keyboards into them. Laptops are not very expensive these days, and if you have no real demands on them gaming-wise, then you can get a perfectly decent one for somewhere in the $300 range. You can also go for a direct replacement and get a netbook. They are dying out because of tablets, but are still around and pretty cheap and more reliable than yours was.
I think you should decide on whether you really want a tablet, or a laptop, or a netbook first. All of those have viable choices within them.
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There are only forty people in the world and five of them are hamburgers.
-Don Van Vliet (aka Captain Beefheart)
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