HP Pavilion ze5300 compared to Acer4061 WLMi - Any comments?

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I have had a HP Pavilion ze5300 for almost two years and have found it
to perform well - it is a fairly heavy machine to carry around. The
fan(s)are fairly noisy and the unit lacks an inbuilt microphone which is
a nuisance when using phone programs such as Skype or webcams. In a
moment of spontaniety I had a look at alternative machines on eBay and
in a few minutes I had bought a new Acer 4061 WLMi at a very reasonable

The HP was an Intel Pentium 4 2.66 Ghz processor with 512 mb RAM

The Acer has an Intel Pentium M Processor 730 (1.6 GHz, 2MB cache,
533MHz FSB)supplied with 256 MB PC4200 DDR2-SDRAM. I have ordered a 1 GB
  RAM module for this which will take the RAM to 1.25GB.

How would the relative processing power of these two machines compare. I
have not yet received the new Acer. I use the HP to do some video
editing (training videos for my workplace).

Can anyone comment on either or both of these two machines?

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