Trading my iMac G5 for a new MacBook

I currently use a iMac G5 running OS X 10.3.9, Logic Express and a Presonus FireBox interface. I tried to upgrade my system to Leopard but after a week or trying and failing (incuding hours on hold for tech support) I've ditched the idea of upgrading my iMac to Leopard and buying the express to Logic Studio upgrade etc....
But then I thought.........My wife has a new MacBook that came with Leopard.
IF I could persuade her to "trade" computers with me (that's a big IF) maybe then I will not have to deal with installing Leopard at all; just use the MacBook, buy the $299 express to Logic Studio upgrade.
So I wondered....
1. How does the express 7 to Logic Studio upgrade work? Right now Logic Express 7 is on the iMac (not the Mac Book). Does Logic Studio just need my Express 7 serial number OR dose it need to be installed on the same maching that is running Express 7? Would I then have to un-install express 7 from my iMac and try and install it on the MacBook?
2. How does Logic Studio run on a new MacBook? I've tried to find some info on the forum but it seems that most folks use the pro machines so I did not get a feel for Logic Studio's performance on the MacBooks
Thanks for your help
Morris

Excellent tip about using an External hard drive with the MacBook. I have a couple of LaCie FrieWire drives that i could use with it. Thanks for your help.
Does anyone know "how" the upgrade from Express 7 to logic Studio works? I've got express 7 installed on the iMac (not the MacBook). I've got the original disks that came with express 7. Would I need to install express 7 on the MacBook in order to do the "upgrade" to Logic Studio? In other words, does Logic Studio need to "see" Express 7 on the machine. Or, is it a matter of entering my Express 7 serial number (which I have) durning the upgrade?
Thanks,
Morris

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