Yeah but me too, well slightly less. (I put my arm out in front of me just to check - I could reach the screen... but I'm a girl and probably have smaller arms.) The powerbook seems to sit a bit closer than my iMacs but then it is a laptop and psychologically everything seems smaller.
My text is size on screen is usually 12. (I did have to +1 on text this morning though [I'm tired] and I thought of this thread.)