i have been crunching on laptops for a while, with various degrees of success. my first laptop (PM 1.73gig) crunched for 2 years before the bearings in a fan went, also had a hard drive fail, but can't really blame Boinc for that.
my new laptop (coreduo 1.66gig) i have had more issues with, i use RMclock to undervolt it to 1.025v which really helps keep the temps down. fan never goes to 100% hoover mode.
where as with normal volts running boinc the temp will rise so the fan goes to 100%, but then due to its stupid fan control it turns the fan off (and i mean off) once it cools it down below 60 oC ish, then waits for around a minute to heat back up to 75 oC then turns the fan back on at 100%, repeat.
the only problem i have is probably an acer specific thing, RMclock only runs when you are logged in and dispite my best efforts when i leave my laptop logged in but just running boinc after 3 (i think) hours of inactivity the laptop starts to throttle (it is not heat related) and the cpu goes to 1 gig i think (obviously not great for crunching)
if i log out boinc crunches at 100% (no throttling) but without RMclock the fan does its ramp up/ramp down thing and i can't imagine it will last that long.
but enough of my ramblings, i'd say go for it, assuming its a proper laptop cpu. plus check out rmclock. if on at 100% my coreduo laptop willl get around 800ppd with an optimised client.
both laptops were Acer travelmates by the way.