Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
To the OP:

You did not post a cost breakdown but I will venture to guess that the 250GB HD and 4GB RAM from option #1 is added directly by Apple.

Apple charges a really hefty premium for the BTO upgrades so I would consider buying the RAM and HD from a third party (e.g. NCIX in Canada or Newegg in the USA or any other retailer you like).

4GB (2x2GB) of DDR2-800 RAM (SO-DIMM) will run you about $40 (compared to $200 to get it from Apple) and the 250GB option is $100 extra from Apple. For the same $100, you could buy a 250GB HD from a third party and an external 2.5" S-ATA enclosure, put the Macbook's 160GB HD in the enclosure to use as a Time Machine drive and use the 250GB in the Macbook.

The non-pro Macbook's HD is user-serviceable so it's really easy to change.

That would drive the cost for option #1 way down.

Personnally, I would get the Macbook with the third-party upgrades, an Airport Extreme, the "free" printer and the free iPod Touch. For Time Machine, I would either use the external 2.5" HD or a 500GB HD hooked up to the Airport Extreme (even though it is kind of slow, but that only matters for the first 1:1 backup...).

The only downside to this option is that you lose the dedicated graphics.
Honestly, if you don't plan on gaming and you don't do any intense video/3D editing, the MB is a really powerful machine. CPU-wise and RAM-wise, it's not really far behind the MBP. What you lose is the backlit keyboard, the better and bigger screen and the enclosure (though some prefer the MB's).

But the upgrades really make a difference in the price. Also, remember that for the printer and iPod Touch, you need to pay for them upfront (plus taxes) and then get the rebate check in the mail several weeks later. So "free" is kind of free.
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.