my brand new 15" is truly beautiful, so I am a bit biased... 
But when you get the 1.5 15", you get heaps of screen, so I would certainly recommend the 15" over a 12".
As for Processor, there isnt a huge difference in performance (maybe 10% faster on 1.5 over 1.33) but the 1.5 comes with built in backlit keyboard. And that is majorly cool.
To upgrade the combo to superdrive, and add a backlit keyboard to a 1.33 makes it almost as expensive as the stock 1.5, so I would definately say 1.5Ghz 15" pBook is the one for you.
And then buy AS MUCH RAM as you can afford; you can never have enough RAM!
~ozi
But when you get the 1.5 15", you get heaps of screen, so I would certainly recommend the 15" over a 12".
As for Processor, there isnt a huge difference in performance (maybe 10% faster on 1.5 over 1.33) but the 1.5 comes with built in backlit keyboard. And that is majorly cool.
To upgrade the combo to superdrive, and add a backlit keyboard to a 1.33 makes it almost as expensive as the stock 1.5, so I would definately say 1.5Ghz 15" pBook is the one for you.
And then buy AS MUCH RAM as you can afford; you can never have enough RAM!
~ozi