Well - all the iBooks have discrete graphics processing units with dedicated memory, although they're older generation with limited amounts of VRAM. The native resolution is higher with the MacBooks. An older iBook only has Bluetooth 1.1.
I can tell you that my experience with my iBook G4 1.42 is that it can't handle high-def video, I can't install Microsoft Silverlight 2.0 (only available for Intel Macs), and many Java/Flash embedded web pages (especially CSTV's GameTracker) get really, really slow. I would imagine the iBook G4 1.07 would have all those difficulties, only worse.
My MacBook does have some problems with video performance, but the newer one with the NVIDIA GPU is supposed to be light years ahead in performance.
The fan was mentioned. All the iBooks operate normally without the fan on, but they can turn on and get really, really loud if you've got enough processor power continuously being used.
The G4 processor was pretty much outdated at the time the iBook G4 came on the market. The G5 had so many problems with heat and power consumption that Apple was probably never going to get a G5 portable on the market. They had to liquid cool some of the desktop versions. The move to Intel was in part because of the difficulty in getting a higher performance processor for portable applications. Here's an article on the G5.
http://en.wikipedia.org/wiki/PowerPC_970