My CTX AMD K6-300/128 MB RAM/3 GB drive laptop is obviously at the end of its life. I was in the "shopping" process for a laptop for 2 months now, and I considered a number of PC laptops, including the Compaq Presario 1525US. At the end, I decided to get the new 12" Powerbook, came in last week, and I am since then using it as my primary machine. Here is what I think about it.
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One note that may help your screen woes:
Open up System Preferences->General and at the bottom open the Font Smoothing Style pulldown and make sure it's set to Medium.
Hope that helps!