It's kind of the nature of the beast. It's one of the only (or is it the only?) laptops they can do this with, so if you're committed to a FSF-approved machine you're stuck with old hardware.
One of the only; there are several other models that are supported by Libreboot[0]. Of those, Gluglug used to sell X60, X60s, and (briefly) T60 Thinkpads as well.
[0]: http://libreboot.org/docs/hcl/index.html#supported_list
The X200 contains the last chipset where this processor was optional - if it comes with no firmware, it simply disables itself.
Newer chipsets sometimes feature a recovery/service mode (up to 30 minutes of activity before the device shuts down, with limited capabilities, eg. no power management).
Now, this chip wouldn't be so bad, but unfortunately it only runs on firmware signed by Intel. Lack of signature means that the system doesn't run, or only in that service mode.
Since that project hasn't managed to cracked RSA2048 keys (and who did?), that firmware precludes using newer Intel chipsets.
http://shop.amd.com/en-us/business/notebook/20DE001RUS
They do have laptops with AMD chipsets.
AMD used to be much better (they have some small firmware for a support function that was signed, but even that was so half-hearted that one coreboot developer managed to recover the key - but didn't publish it).
These days they support ARM Trust Zone (with an ARM processor), and that part of the system is all signed (as "Trust" doesn't mean that _you_ can trust it).
It's Hollywood, essentially - can't have you crack your movie-playing device to copy their precious bits. And what else would anybody use a computer for, if not for watching blockbuster movies?
http://www.cpubenchmark.net/cpu.php?cpu=Intel+Core2+Duo+P840...
http://www.cpubenchmark.net/cpu.php?cpu=Intel+Atom+Z3735F+%4...
http://www.cpubenchmark.net/cpu.php?cpu=Intel+Atom+C2338+%40...
http://www.cpubenchmark.net/cpu.php?cpu=Intel+Atom+E3845+%40...
(Look at the single-thread rating and you'll see that a single Core 2 core is 2-3x faster than a single Atom core.)
Unless you're doing something particularly CPU-intensive, which doesn't tend to be the use-case for a 12.1" ultralight laptop, that processor is more than enough. The small screen resolution may get a bit annoying though.
The P8400 has a TDP of 25W, or about 6 times the heat dissipation of the Z series atom. So of course the Core 2 can beat an Atom, it's in a completely different category of processor.
If you are going to compare apples to apples, pick the i5 2410M. It's not a new part, but the TDP is comparable to the P8400, and the target market (12.5-15" laptops) is the same.
http://www.cpubenchmark.net/cpu.php?cpu=Intel+Core+i5-2410M+...
Here you can see that the newer laptop-class CPUs out perform the Core 2 by a factor of 2. Couple this with much better integrated graphics, and newer memory (4GB DDR2 SODIMMs exist but compatibility is spotty and they're quite expensive) and it's not really a contest anymore, the newer CPU/chipset provide better performance and will give you longer battery life.
I am not going to claim I am one of those people who needs a powerful processor in my laptop, because 90% of what I do is login to remote servers who do the work much faster than my laptop ever could. But, I do enjoy getting 5-8 hours of battery life thanks to my newer processor sipping electrons when idle, which cannot be said for Core 2 era systems.
I would wonder whether or not the keyboard is worn down, or if the screens are still in good condition. Has anyone bought one of these that can discuss this?
Core 2 Duo P8400 2.26GHz processor or higher
Graphics: Intel GMA 4500MHD
Screen: 12.1" 1280×800 TFT LCD
Gigabit ethernet as standard
Ports: 1x VGA, 3x USB 2.0, 5-in-1 card reader, 1x Headphone, 1x Microphone, 1x Gigabit Ethernet, 1x ExpressCard/54
Size: 11.6 x 9.2 x 0.8 inches
Weight: 1.7 Kg
Upgraded with an 802.11n wireless card (Atheros AR5B95, AR9285 chipset), ensuring full compatibility with free drivers in Trisquel GNU/Linux-libre.