I agree with Stretch, at least to the extent of my experience. I have a PowerMac G5 (no built in iSight) and so I purchased an iSight at the time I got the Mac itself. Prior to this, I had been using a Logitech Quickcam Pro 4000. Honestly, I was disappointed with the quality of the picture from the iSight - still am in all truthfulness.
By contrast, whenever I have test driven iMacs at the local Apple store (I continue to techo-lust after a 24" 2.8 GHz iMac) I have always been really, really impressed with the image from the built in iSight. MILES better than the external one.
So, IMHO Stretch has it - you will be happier with the internal than the external.