Do you really think that a dual-core G4 is going to be competitive with anything that Intel or AMD is making now? The G4 is old technology, and unless it is taught so many new tricks that calling it a G4 becomes ridiculous, I don't think it can be comparable in any way to the modern x86 chips.
I think of it this way: Nobody argues that a G4 dualie 1.42 GHz G4 tower is competitive with a new Pentium 4. Well some poeple do, but it isn't. The much faster G5 processors hold their own in many areas, although they are bested in many areas too.
So why insist that the same G4 series processor (with a few enhancements, but probably nothing dramatic) is going to trounce a Pentium M, a processor that has more potential for performance than a Pentium 4? (see
http://www.tomshardware.com/cpu/20050525/pentium4-10.html for a good discussion of the Pentium M compared to the Pentium 4.)
I use a Pentium M laptop daily and have yet to run up against its performance limits, and it is only an older 1.6 GHz one. My G4 powerbook has been given over to web surfing duty, although its very slow Java performance makes even that a bit painful at times.
This is my long way of saying "Keep your dual core G4 and give me a Pentium M, single or dual core ASAP."