I see my 12" iBook G4 1.33 ghz as my netbook,
You can see it any way you want, it doesn't change the fact that it's no more a netbook then an IBM Thinkpad 390XD.
Netbooks have a 10ins screen or less.
40Gb (More than most SSDs)
SSDs come in 256GB models and have been available at 128Mb capacities for a while.
If you're talking about any but the earliest of the second Gen (basically Atom based variants of the EeePC onwards) Netbooks, many of them come with 1.8ins hard drives of far greater capacity then your ibooks hard drive.
is a better buy than what I see as a castrated laptop, an underpowered CPU and low RAM, no optical drive.
Underpowered? It's a satellite system, it's not designed for being a full blown computer, it's for light use on a limited number of things - light browsing, some typing, watching the odd film on... You're not going to be producing a magnum opus or doing 3d rendering on one...
I can buy an iBook refurbished w/ Tiger or Leopard for $200
I can buy a EEEPC for around the same, only mine comes with a two year warranty.
like my own or a new netbook, I'll choose the iBook, even if its an ARM because of the proven reliability of the one I have. Thats my opinion, and i find it pretty sound
You own a notebook, and that's great, I'm truly glad you're happy with it. And yes, it is a little disappointing to see that netbook makers are trying to turn the paradigm of small, cheap computers into a mini luxury item but there you go, older models are still plentiful and in reality offer just about everything the latest models do in terms of features for comfortably around the £200 mark.
Trying to compare a netbook to a full blown notebook is sheer folly. It's not comparing like for like.