I have a plan to replace it with a high-efficiency custom PSU solution down the line (specifically a MeanWell UHP-350-12 AC-12VDC PSU and a separate ATX plug-in DC-DC unit, either a PicoPSU or a G-Unique unit), but I hope to hold off on this until I either have a bit more spare cash, or even better, until I want to upgrade the motherboard/CPU to a more modern setup. It's worth noting that this isn't a PC that'll see heavy use - it's more of a hobby project to see if I could make a semi-portable gaming PC with as low cost as possible. All in all my total budget for this has been somewhere around $200 (maybe $250) including the GPU, riser cable, Noctua L9i CPU cooler, two 80mm case fans, a rotary tool (Dremel-alike), and a bunch of various connectors and stuff. Of course, I got off cheap by getting the PC for free and having a spare 500GB SSD and 8GB of DDR3 lying around.
I've tried finding a more convenient replacement PSU, but given the proprietary form factor there's nothing that will fit (I could likely squeeze a FlexATX or possibly a TFX unit in there if I replaced the motherboard with an ITX board, but, well, that would kind of miss the point), and finding a new/unused version of the "higher-end" SKU for this PC (also 240W, but 80+ Gold IIRC) has so far been impossible, at least at a reasonable price. 240W is the highest Dell ever went for this PC, for obvious reasons
The only replacement PSUs I've found have been the same bargain-basement 65% mean efficiency version, and buying off Ebay it might be completely trashed, so not worth the risk whatsoever. At least I know the one I have has barely seen a strenuous load in its lifetime. Anyhow, I'll happily take my chances of this not blowing up on me until I can afford to get a better PSU solution in there