It has the same amount of RAM as most ultrabooks (the base model it has more than the base Air models or Dell XPS ones, actually).
The keyboard is shallow, but I haven't seen it described as "awful" or even "bad" anywhere.
Besides the fact that it's probably good enough for things that are not compiling complex applications/gaming/encoding/simulations (heavy loads sustained in time), it is more than enough for the uses that the parent wrote about (remote ssh/compiling small programs).
Ironically (incidentally) Facebook seems to be one of the worst offenders. If I sign into facebook and then forget to sleep my desktop, I can get back from a weekend away to find firefox has eaten 15gb of ram and a painful amount of swap. Chromium seemed to be just as bad last I tried it.
Maybe the problem isn't that Facebook takes 15GB of RAM, it's that Firefox or Chrome will take literally as much RAM as it can get. I should try surfing Facebook on the 128GB servers we have at work and report back my findings...