Mac virgin needs help with his first MAC

Below is the description of the machine I am looking to buy. I know the RAM is too small but I believe I can upgrade it to 2 GB. Other than that do you guys think its good machine to start off with? I have offered him USD$700, but I don’t know how far I should go for this old Mac with this specs.

I need it for school. First year we will not use it that much but I want to get use to Macs then the next year we will get into high end designing and all.

So can I stretch it for 2 years with a memory upgrade, until I can afford a new one?
How much should I get this laptop for? (max amount)

Please help!!!

Apple PowerBook G4, with CPU 1.5GHz,
Memory 512MB DDR SDRAM,
12" Screen Size
80GB 5400-rpm hard drive,
NVDIA GeForce FX Go5200 with 64MB of DDR SDRAM
Super Drive (DVD±RW/CD-RW),
Firewire 400 port,
two usb 2.0 ports,
audio line in, headphone out
Wireless Wi-Fi,
Bluetooth-Modem,
Original AC-Adapter + power cable (no mini-dvi, vga adaptor)
phone cord and apple powerbook g4 software install and restore CD + and MORE!
INCASE 12" Notebook Shoulder Bag
Marware Proctection Pack (Hand rest & Keyboard Cover)

Unit is in perfect condition and working fine
Operating System Version 10.4.10,
All graphic applications installed.
(Adobe acrobat 6.0, after effects 6.0, goliveCS, illustrator CS, Indesign CS, Photoshop CS, Final Cut pro, Microsoft Office 2004, Macromedia Fireworks 8, Dreamweaver 8, Flash MX 2004, .... )

Battery working more than 2 Hours

Unit is in perfect condition and best physical Appearance, very minor scratch as you see in the picture.

http://www.flickr.com/photos/8887042@N08/

well, that is an okay deal but for like 100 more you could shop around for a CD macook.

I wouldn't pay more than $600 for that whole package, but thats me.

...and for less, you could get a new Mini (but you would have to add a monitor). I think skye has the right idea. Can you afford just that little bit more to get a truly new machine?

I need a laptop, so mini does not work for me.
I cannot spend more than USD$800
Therefore, I was leaning towards this laptop.
I can put more RAM in and work with it until I can afford a new one.

What do you guys think?

I agree with everyone else. See if you can find a CD MacBook for ~$800. It really is a superior machine.

go for it and enjoy your mac bud