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What would you suggest me for this price or less, then? Every other computer have built-in graphics that are even worse. One of the customer reviews even say that this runs SC2 on high perfectly well and that it's the best choice for the 700$ range. Don't know whether I should trust him or not since I don't know too much about graphic cards...

Need help which one would be overall better for college work/gaming.

http://www.newegg.com/Product/Product.as...llFullInfo

http://www.newegg.com/Product/Product.as...6834230265

I know the first one is sold out atm, but should I wait for that to restock or go after the 2nd laptop?

Wait until when we're closer back to school season if you can:
1) Ivy bridge will be more readily available, so the prices on older i5, i7s will drop and maybe you can grab a better deal on those then.
2) Back to school deals