Analog Kid gave you a great answer, so I will simply supplement it with a few minor points.
The first question I have for you is whether or not you are backing up 80GB of data from your Powerbook. Isn't that your Powerbook's HD size? How much disk space are you using? Whatever the answer, that is how much you will be transferring (the same is thus true for the macbook). I think that if you have better things to spend your money on (kids, nights out w/ your wife, etc), then spare some change and buy a USB drive instead. Firewire is better technology, but it isn't worth the price premium at this point. Firewire is a good investment for those who transfer large amounts of data relatively often (maybe a 30 minute movie once a week for example). Save some money, and just carve out a time slot on a weekend to backup your data. It will be annoying that first time, but after that you'll find that the backups will be a breeze.